India, UK to set up 240 mn pound fund for green energy

Posted on:07 Apr 2017 17:55:03
India, UK to set up 240 mn pound fund for green energy
07 April 2017 Current Affairs: Adding to the kitty of Rs 40,000 crore, National Infrastructure and Investment Fund (NIIF), India and the UK agreed to set up £240 million (approximately Rs 2,000 crore) fund to finance green energy.

The fund will help boost India’s rapidly growing energy sector. Both countries will contribute £120 million each to the fund.

The fund ultimately aims at raising £500 million.

The Green Growth Equity Fund will be a sub-fund of NIIF.

Indian Union Finance Minister: Arun Jaitley

About UK:- Capital of the United Kingdom (UK) is London

Prime Minister is Theresa May

Currency of UK is Pound.
Adding to the kitty of Rs 40,000 crore, National Infrastructure and Investment Fund (NIIF), India and the UK agreed to set up £240 million (approximately Rs 2,000 crore) fund to finance green energy.

The fund will help boost India’s rapidly growing energy sector. Both countries will contribute £120 million each to the fund.

The fund ultimately aims at raising £500 million.

The Green Growth Equity Fund will be a sub-fund of NIIF.

Indian Union Finance Minister: Arun Jaitley

About UK:- Capital of the United Kingdom (UK) is London

Prime Minister is Theresa May

Currency of UK is Pound.

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