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09
October 2018
 |
India's infrastructure etc sectors (The Total Investment & Insurance
Solutions)
The US government's development finance
institution OPIC is keen to invest in the development of India's
infrastructure, port and solar energy sectors, a top US official said Tuesday.
Overseas Private Investment Corporation
(OPIC) Executive Vice-President David Bohigian, who is visiting India, further
said that India is a clearly the anchor of US government's Indo-Pacific
strategy.
OPIC is a self-sustaining US government
agency that helps American businesses invest in emerging markets.
"We are looking across all sectors (of
India for investment) including infrastructure development, port development and
solar energy sector, not just in venture capital," Bohigian said in an
interaction with reporters.
He, however, added that OPIC does not have
any numerical target for investments in India, and the development finance
institution is looking at the merits of the projects in India.
"We are proud to announce our
investments in Iron Pillar, a mid-stage India-focused venture capital
fund," Bohigian said.
He also noted that when countries take
development finance from any source, then the policymakers must ensure
sovereignty of the host country, rights and transparency in project funding.
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 The Total Investment & Insurance Solutions
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