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THINKING AHEAD: American India Foundation to set up Oxygen Plants across 25 cities in India

THINKING AHEAD: American India Foundation to set up Oxygen Plants across 25 cities in India ANI | Updated: May 14, 2021 13:35 IST New Delhi [India], May 14 (BusinessWire India): American India Foundation (AIF), on Thursday confirmed, that in collaboration with Paytm, Indian Biogas Association, Foundation For Innovation & Research In Science & Technology and Acquafront Infrastructure Pvt. Ltd., it is set to roll out Oxygen Plants in 25 of the most virus-ravaged cities in the country. Working with installation and technical partners, the Plants will bring a quick and long-term solution to the current oxygen crisis, reducing the dependence on liquid oxygen distribution channels, that are stretched beyond their limits, said Mathew Joseph, Country Director, AIF

NAIF amended to streamline sluggish cashflow

Premium Content Amendments to the Northern Australia Infrastructure Facility passed Federal Parliament on Thursday. The $5 billion federal loans scheme was criticised for years for being slow to hand money to approved projects. The recent amendments broaden the scope of projects eligible for funding; permit NAIF to provide loans to entities other than states and territories, and determine the terms of those loans; and allow a total of $500 million of investment in equity, capped at $50 million or 50 per cent of any particular project. As the program was due to expire at the end of this financial year, it was extended it for another five years.

American India Foundation raises $25 million for COVID-19 assistance to India

Updated: May 13, 2021 07:36 IST AIF was founded in the aftermath of the Gujarat earthquake at the initiative of the then U.S. President Bill Clinton and the then Prime Minister late Atal Bihari Vajpayee Share Article AAA Humantarian aid personnel load dozens of electrical transformers onto a pallet, which is being shipped to New Delhi with oxygen concentrators on New York’s Long Island, Friday, May 7, 2021.   | Photo Credit: AP AIF was founded in the aftermath of the Gujarat earthquake at the initiative of the then U.S. President Bill Clinton and the then Prime Minister late Atal Bihari Vajpayee An Indian-American non-profit body has raised $25 million for COVID-19 assistance to India as the country battles a severe outbreak of the viral disease, its functionaries said.

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