New Delhi: The United States is considering $4 billion of “investment support” for India on top of the billions already extended, New Delhi said on Monday, adding that both sides have agreed to keep such money flowing. An agreement has been signed.
US International Development Finance Corporation (DFC) or its predecessor agencies have so far provided $5.8 billion to India, of which $2.9 billion is outstanding, for COVID-19 vaccine manufacturing, healthcare, renewable energy, financial inclusion and infrastructure.
US International Development Finance Corporation (DFC) or its predecessor agencies have so far provided $5.8 billion to India, of which $2.9 billion is outstanding, for COVID-19 vaccine manufacturing, healthcare, renewable energy, financial inclusion and infrastructure.
“Proposals of $4 billion are being considered by the DFC to provide investment support to India,” the finance ministry said, adding that officials from the two countries met in Tokyo, where their leaders will hold a summit on Tuesday.
The ministry said the latest agreement will “enhance the investment support provided by DFCs in India”.
US President on Monday Joe Biden and prime minister Narendra Modi He was among the heads of government of 13 countries who jointly launched a partnership called the Indo-Pacific Economic Framework for Prosperity.