The private sector arm of the World Bank, the International Finance Corporation (IFC) plans to invest 500 million dollar in Indian companies in the year through June 2006, a senior IFC official said Wednesday.
IFC invested the same amount in India during the year ended July 31. – IFCs top priority is to contribute to the further development of Indian infrastructure. We are keen to diversify our portfolio in India and open an office in Chennai, its acting executive vice president Assaad Jabre said.
