AFD Group in India
Agence Française de Développement (AFD), a public financial institution that implements the policy defined by the French Government, has worked for 75 years to combat poverty and promote sustainable development. AFD operates worldwide via a network of 72 offices and finances and supports projects that improve living conditions for populations; boost economic growth and protect the planet. In 2015, AFD earmarked EUR 8.3bn to finance projects in developing countries and for overseas France.
AFD has been operating in India since 2008, by developing cooperation actions for sustain¬able development and the fight against climate change. It has committed more than EUR 1.3bn over these 8 years in the form of sovereign and non-sovereign loans.
AFD has been entrusted with a strategic mandate tailored to the Indian Government’s priorities. It is implemented through three main focuses for cooperation:
- Promote sustainable and integrated urban development;
- Encourage energy efficiency and renewable energy develop¬ment;
- Conserve the country’s biodiversity and natural resources.
Learn more about AFD’s projects in India: http://www.afd.fr/lang/en/home/pays/asie/geo-asie/inde/portfolio
AFD’s financing is also a vehicle for sharing France’s expertise and innovative solutions, which Indian partners are seeking for tar¬geted skills transfers. In addition to the loans it allocates in India, AFD can set up technical assistance programs which aim to build the expertise of its counterparties. AFD benefits from a close partnership with the European Union for this purpose in the context of fund delegations.
PROPARCO, AFD’s private sector financing arm, supports invest¬ment in the sectors of energy, health, education, microfinance, the social and solidarity economy, as well as the agri-food chain, and implements both debt and equity instruments. PROPARCO earmarks two-thirds of its investments in India for renewable energy development and energy efficiency. With some EUR 390m of financing allocated at the end of 2015, India has become one of the flagship countries for its action.
Find out more about AFD in India on : http://inde.afd.fr
AFD New Delhi
19A, Rajdoot Marg
New Delhi - 110021, INDIA
Tel + 91 11 42 79 37 00
Fax + 91 11 42 79 37 01
- Mr. Brijesh Dixit (Managing Director, Nagpur Metro Rail Corporation), Shri S Selvakumar (Joint Secretary, Ministry of Finance), the Ambassador of France to India Mr. Alexandre Ziegler and Mr. Nicolas Fornage (AFD Regional Director for South Asia) during the Credit Facility Agreement signature ceremony between Government of India and AFD, for the financing of the Nagpur metro, 17 Novembre 2016, New Delhi