AFD Group in India
AFD is an inclusive public financial institution and the main actor in France’s development policy. It makes commitments to projects that genuinely improve the everyday lives of people, in developing and emerging countries and in the French overseas territories.
AFD works in many sectors – energy, health, biodiversity, water, digital technologies, training – and supports the transition to a safer, more equitable and more sustainable world: a world in common. Its action is fully in line with the Sustainable Development Goals (SDGs).
Through its network of 85 agencies, AFD operates in 109 countries and is currently supporting over 3,500 development projects. In 2017, it earmarked EUR 10.4bn to finance these projects.
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.