IFC invests a record USD 2.6 bn in India last fiscal

World Bank arm IFC said Wednesday it has invested a record USD 2.6 billion in India in 2017-18, which grew by more than 100 per cent over the previous two years.

"IFC invested a record USD 2.6 billion in India in FY2018 a rise of 136 per cent over the figure two years ago -- in the key priority areas of infrastructure, logistics, inclusion, and sustainability," IFC said in a release.

These investments are all long-term, made over 40 engagements with partners ranging from new-age start-ups, such as Coverfox and Bizongo, to established names such as Mahindra & Mahindra and HDFC, it said.

"This is an all-time high and addresses key development gaps through select and systemic interventions in affordable housing, small and medium enterprises, distressed assets, technology start-ups, logistics, agriculture, renewable energy, and sustainable mobility."