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India, UK to set up 500 mn pound fund to finance green energy

India, UK to set up 500 mn pound fund to finance green energy

India and the UK today decided to set up a 500 million pound fund, with both governments together investing 240 million pound, to finance clean energy projects here.

The fund will be set up as a sub-fund of the Rs 40,000 crore National Investment and Infrastructure Fund (NIIF), which was formed in 2015 to finance greenfield as well as brownfield projects. While India and the UK will be the anchor investors to the 'Green Growth Equity Fund' and invest 120 million pound each, the remaining 260 million pound has to come in from private investors. read more →

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