First Solar launches 3.3GW solar manufacturing plant in Tamil Nadu

First Solar launches 3.3GW solar manufacturing plant in Tamil Nadu

American solar technology company First Solar, Inc. (Nasdaq: FSLR) has inaugurated its state-of-the-art facility in Tamil Nadu, India, marking the country’s first fully vertically integrated solar manufacturing plant. This significant development was led by Dr T R B Rajaa, Minister for Industries, Promotions and Commerce of the Tamil Nadu Government, and attended by notable figures […]

US DFC grants $553m to support Colombo Port expansion with Adani Group

US DFC grants $553m to support Colombo Port expansion with Adani Group

In a strategic move to enhance infrastructure and promote economic development, the U.S. International Development Finance Corporation (DFC) has committed a substantial investment to the tune of $553 million. This funding is allocated for the Colombo West International Terminal Pvt. Ltd. (CWIT) — a collaboration between India’s Adani Ports, Sri Lanka’s John Keells Holdings, and […]

Pahal Financial Services secures DFC investment for rural financial inclusion

Pahal Financial Services secures DFC investment for rural financial inclusion

Pahal Financial Services Pvt. Ltd. (Pahal), a pioneering Microfinance Institution championing financial inclusion, celebrates its partnership with the U.S. International Development Finance Corporation (DFC). The collaboration manifests as a $12 million loan spanning up to eight years via the External Commercial Borrowing (ECB) route. This strategic investment zeros in on expanding the microfinance loan portfolio, […]

US DFC approves $425m for Tata Power’s solar cell and module plant in Tamil Nadu

US DFC approves $425m for Tata Power’s solar cell and module plant in Tamil Nadu

The U.S. International Development Finance Corporation (DFC) is fueling India’s green energy dreams! The DFC Board of Directors has greenlit up to $425 million in financing for TP Solar Limited, a Tata Power Renewable Energy Limited (TPREL) subsidiary. This colossal sum is aimed at developing a cutting-edge 4.3 GW solar cell and module manufacturing plant […]

Vistaar Finance gets $50m loan from US DFC to enhance MSME lending in India

Vistaar Finance gets $50m loan from US DFC to enhance MSME lending in India

Vistaar Financial Services Private Limited, a leader in MSME lending in India, has secured a loan commitment of up to $50 million from the U.S. International Development Finance Corporation (DFC). This funding is expected to assist Vistaar Financial Services in further expanding its secured MSME lending portfolio, with a particular emphasis on serving women-owned and […]