European Investment Bank announces support to India to combat Covid
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The donation will go to European Investment Bank to acquire life-saving equipment in particular to improve access to oxygen including oxygen generation plants as well as the procurement of oxygen cylinders urgently needed across India.
Agencies
To date, the EIB has invested EUR 2.6 billion in urban metro systems in Bhopal, Kanpur, Pune, Lucknow and Bangalore.
Werner Hoyer, President of the European Investment Bank on Friday on the eve of the Summit with India announced an emergency EUR 250,000 donation from the EU Bank`s own funds to India in response to the escalating COVID-19 crisis.
EIB investment in Neev Fund II one of its first equity operations in India
Neev Fund II is a result of the shared commitment of the EIB and SBI to supporting climate action and environmental sustainability
The private equity fund will invest up to â¬100 million in Indian SMEs offering solutions critical to the success of global climate action
On the margins of the EU-India Leaders Meeting, the European Investment Bank (EIB) and the State Bank of India (SBI) have agreed to back a new initiative of â¬100 million for new high-impact climate action and sustainability business financing.
The importance of the new Neev Fund II to accelerating Indiaâs green recovery from COVID-19 and strengthening sustainable investment was highlighted by EIB President Werner Hoyer in discussions ahead of the formal announcement at the EU-India Leaders Meeting in Portugal.
Negotiation on India-EU free trade deal likely to resume during May 8 summit ANI | Updated: May 06, 2021 15:59 IST
New Delhi [India], May 6 (ANI): India and the European Union are likely to resume negotiations on a free trade agreement during the upcoming summit between New Delhi and the 27-nation bloc on Saturday.
According to the EU officials, India and the EU are likely to announce strong partnership and cooperation on very resilient medical supply chain and on pharma at the India-EU Summit.
Negotiations for a comprehensive Free Trade Agreement (FTA) between the EU and India were launched in 2007 and suspended in 2013 due to a gap in the level of ambition between the EU and India.
India, EU to resume negotiations on free trade agreement
ANI
06 May 2021, 21:03 GMT+10
New Delhi [India], May 6 (ANI): India and the European Union are likely to resume negotiations on a free trade agreement during the upcoming summit between New Delhi and the 27-nation bloc on Saturday.
According to the EU officials, India and the EU are likely to announce strong partnership and cooperation on very resilient medical supply chain and on pharma at the India-EU Summit.
Negotiations for a comprehensive Free Trade Agreement (FTA) between the EU and India were launched in 2007 and suspended in 2013 due to a gap in the level of ambition between the EU and India.