Citigroup Sees India Luring $100 Billion in Foreign Investment
- Climate transition is biggest investment opportunity in India
- More investor groups deploying capital in India: Citi’s Bala
Prime Minister Narendra Modi has cast himself as a climate champion, and India has made significant investments in clean energy, adding more than 100 gigawatts of capacity in the last 10 years.
Photographer: Prashanth Vishwanathan/BloombergThis article is for subscribers only.
Foreign investors will likely deploy as much as $100 billion in India this fiscal year, drawn to high-tech manufacturing, infrastructure and climate-change projects in the world’s most-populous country, according to a Citigroup Inc. banker.
Companies working to help India meet its net-zero goals will be among the beneficiaries of the foreign capital flows, according to K Balasubramanian, head of corporate banking for Southeast Asia and the Indian subcontinent.