OPIC keen to invest in India's infra, port, solar sector development

Last Updated: Wed, Oct 10, 2018 11:30 hrs
US Dollars

Overseas Private Investment Corporation (OPIC), the US government's development finance institution is keen to invest in India's in the development of India's infrastructure, port and solar energy sectors.

OPIC's Executive Vice-President David Bohigian, who is currently on an India visit, made that statement.

Bohigian shared with reporters, "We are looking across all sectors (of India for investment) including infrastructure development, port development and solar energy sector, not just in venture capital,"

Although his comments meant that the US was enthusiastic about investments in India, Bohigian did not clarify at the exact size of investments.

He also added that the US investment agency had invested in Iron Pillar, an India focused venture capital fund.

"We are proud to announce our investments in Iron Pillar, a mid-stage India-focused venture capital fund," he added.

Bohigian said the OPIC has USD 23 billion portfolios across 90 countries in the world in every sector from small, medium size ventures up to major infrastructure projects.

In India, it has around 40 projects with total investments valued at USD 1.5 billion, he added.