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.

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