India, UK to set up 240 mn pound fund for green energy
Posted on:07 Apr 2017 17:55:03
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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 millioneach 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
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