PRINT THIS PAGE IFC to increase investment in India to $1bn over two years17/11/2003. Source: AltAssets. 
 The International Finance Corporation (IFC), the World Bank’s private equity arm, is to increase its investments in Indian private companies to $1bn over the next two years. The organisation will place a particular emphasis on the country’s technology sector.
‘We are bullish about India as an emerging market and we are ready to pump in $1bn in promising areas in the next two years of which technology will be the leader,’ IFC investment officer Daniel Crisafulli told the Indian Express. The IFC also intends to invest in India’s telecom, media, infrastructure financing and microfinance sectors.
The IFC first began investing in India in 2000. The organisation has not yet exited any of its investments but stated that several of its portfolio companies were nearing the initial public offering stages.
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