New Delhi : India and the UK decided to set up a 240 million pound fund to finance clean energy projects, Finance Minister Arun Jaitley said. The Green Growth Equity Fund will be a sub-fund of NIIF.

“We have established the NIIF. Our first major step in the fund has been taken and there is going to be a sub-fund. With the NIIF participating in it, this is going to be a Green Growth Equity Fund where both are going to make a contribution of 120 million pounds and this will be financing the energy needs in India,” Jaitley said.

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