AFD Group in India
AFD is France’s inclusive public development bank. It commits financing and technical assistance to projects that genuinely improve everyday life, both in developing and emerging countries and in the French overseas provinces. In keeping with the United Nations Sustainable Development Goals, AFD works in many sectors — energy, healthcare, biodiversity, water, digital technology, professional training, among others — to assist with transitions towards a safer, more equitable, and more sustainable world : a world in common.
Through its network of 85 field offices, AFD currently finances, monitors, and assists more than 2,500 development projects in 108 countries. In 2017, AFD earmarked EUR 10.34bn to finance projects in developing countries and for overseas France.
AFD Group’s commitment in India
AFD has been operating in India since 2008, by developing cooperation actions for sustainable development and the fight against climate change. It has committed EUR 1.5bn over these 10 years in the form of loans to the State and State-owned companies, as well as technical assistance programs.
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 development;
- Conserve the country’s biodiversity and natural resources.
Our objective: help India successfully achieve its urban, energy and ecological transitions.
AFD’s financing is also a vehicle for sharing France’s expertise and innovative solutions, which Indian partners are seeking for targeted 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.
Learn more about AFD in India: india.afd.fr
Proparco, a subsidiary of Agence Française de Développement (AFD) devoted to private sector financing, has been acting to promote sustainable development for 40 years. Since 2008, PROPARCO supports investment in India 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 400m of financing allocated at the end of 2017, India has become one of the flagship countries for its action.