World Bank’s IFC Pledges Capital for Global Firms’ India Push

World Bank’s investment arm will help global investors set up India-focused funds, as it increases capital commitments in the country’s private equity space, said Neha Grover, regional lead for South Asia Funds Group at the International Finance Corp.

Grover said on Tuesday that fresh capital has already been allocated to one such India-focused vehicle backed by a global investor and that a second investment is in the process of closing. She did not name the funds.