Since 1956, IFC has invested in 199 companies in India, providing nearly $4.33 billion in financing for its own account and $1.02 billion for the accounts of participants in IFC’s loan syndication program.
Our held portfolio of $2.3 billion (as of June 2007) makes India IFC's third largest country of operations. In recent years, we have grown our business substantially, with largest commitments of $1.05 billion in FY07.
To reduce poverty and promote sustainable economic growth, we believe that India needs a vibrant private sector which will:
increase the availability of high-quality infrastructure
accelerate rural growth
develop competitive manufacturing and service industries
strengthen the financial sector
We are therefore focusing our activities on supporting:
private sector involvement in infrastructure financing
restructuring and modernization of the manufacturing and services sectors to become internationally competitive
the development of new financial institutions and products
We are committed to working on the frontiers of private investment, helping bring commercial disciplines and entrepreneurial dynamism to new areas of the economy. We therefore also support private investment in health and education, and innovative applications of information technology.
