THE STANDARD
ASIA
Prime Minister Narendra Modi and Boris Johnson at a past meeting. [Courtesy]
Prime Minister Narendra Modi and his UK counterpart Boris Johnson signed off on a new shared roadmap during their virtual meeting that included measures to help limit global temperature rises and support the communities most vulnerable to the impact of climate change.
India and UK agreed on a joint roadmap including plans to combat climate change by 2030. It includes new collaboration on clean energy transition and protecting forests, and joint leadership to develop resilient infrastructure in climate-vulnerable countries.
The roadmap will support global efforts to limit global temperature rises and achieve an ambitious outcome at COP26.
Ministry of External Affairs of the Republic[ ] (via Public) / Transcript of Special Virtual Media Briefing by Secretary (West) following India-EU Leaders Meeting publicnow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from publicnow.com Daily Mail and Mail on Sunday newspapers.
The European Investment Bank and the country’s largest lender SBI on Friday entered into a pact to jointly pump Euro 100 million in equity financing into Indian small businesses focused on climate change and sustainability. An agreement got signed on the margins of the European Union-India leaders meeting in Portugal, where both the financial institutions agreed to back the initiative, as per a statement. SBI already invests in a vehicle called Neev Funds for its impact investing objectives, and the two entities have created ‘Neev Fund II’ for taking ahead this partnership. This is one of the EIB’s first private equity investments in India.
The European Investment Bank and the country s largest lender SBI on Friday entered into a pact to jointly pump Euro 100 million in equity financing into Indian small businesses focused on climate change and sustainability. An agreement got signed on the margins of the European Union-India leaders meeting in Portugal, where both the financial institutions agreed to back the initiative, as per a statement.
SBI already invests in a vehicle called Neev Funds for its impact investing objectives, and the two entities have created Neev Fund II for taking ahead this partnership. This is one of the EIB s first private equity investments in India.
Synopsis
SBI already invests in a vehicle called Neev Funds for its impact investing objectives, and the two entities have created Neev Fund II for taking ahead this partnership.
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Neev Fund II will provide equity and quasi-equity to SMEs, targeting sectors that support the achievement of the UN SDGs, particularly aiming to limit climate change through energy, agricultural, water, and waste management technologies.
MUMBAI: The European Investment Bank and the country s largest lender SBI on Friday entered into a pact to jointly pump €100 million in equity financing into Indian small businesses focused on climate change and sustainability.
An agreement got signed on the margins of the European Union-India leaders meeting in Portugal, where both the financial institutions agreed to back the initiative, as per a statement.