US to invest over USD 15 Mn. in India’s health infrastructure
Washington: The United States Federal government agency is set to invest more than USD 15 million in India’s health infrastructure, as part of the Partnership for Global Infrastructure and Investment (PGII), the White House has said.
Through USD 15 million, the International Development Finance Corporation (DFC) will support the expansion of a chain of eye clinics for conducting corrective surgery for underserved individuals and an India-based social enterprise that manufactures affordable women’s hygiene products.
At the G20 in Bali, leaders of the US, Indonesia, and the European Union (EU) announced the PGII, which will aim to boost investment toward quality infrastructure to strengthen the economy and support low and middle-income countries across the globe.
The fact sheet of the White House also read that US President Biden, President Widodo of Indonesia, and President Von der Leyen of the European Commission co-hosted a group of G20 leaders at the Bali, Indonesia, the summit in 2022 to show their shared commitment to deepening engagement under the Partnership for Global Infrastructure and Investment (PGII) to speed up investment in high-quality infrastructure in low- and middle-income countries worldwide and strengthen the global economy.
In context with the theme of G20 2022, which says ‘Recover Together, Recover Stronger’, the investments of PGII look forward to building and leaving a lasting positive imprint for its partner countries so they can strengthen the flexibility of other communities as well as the economic security of the partner companies along with supply chains of the world. This will also encourage sustainable development.