US Development Finance Arm OPIC Keen To Expand Presence In India


US Development Finance Arm OPIC Keen To Expand Presence In India

Overseas Private Investment Corporation (OPIC), the US government’s development finance arm, is keen to expand its presence in India and partner the world’s largest democracy as a “key anchor” of the Trump administration’s Indo-Pacific strategy, a top visiting official said.

With the US President Donald Trump signing into law the BUILD Act last Friday, the US development finance institution has $37 billion more of resources, which would allow it to carry out more projects in India and around the world, said David Bohigian, Executive Vice-President, OPIC.

OPIC is looking for opportunities to deploy more capital in India, he said. Read more

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