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U.S. Trade Agency Keen to Invest in India

U.S. Trade Agency Keen to Invest in India

Washington D.C.-based Overseas Private Investment Corporation or OPIC, a U.S. government’s development finance institution, expressed interest in investing in India. David Bohigian, executive vice-president at OPIC said that the institution was looking across all sectors including late stage Indian startups, infrastructure development, port development, and the solar energy sector, not just in venture capital.

David Bohigian

He added that venture capital is important for the ecosystem as it helps create entrepreneurs. “Entrepreneurs are the most engaged citizens. When you apply the entrepreneurial ecosystem to the world’s largest democracy, we think there is going to be a great ripple effect through the prosperity of all of India. Every year, OPIC puts in more than $500 million into private equity and we will continue doing that,” Bohigian added.

In India, OPIC has 40 projects across sectors such as power, banking, and financial services with total investments valued at $1.5 billion.

“We measure our ability to have impact more than the dollars invested. In India, for example, we can help the solar power industry to make India more energy independent. It’s less about the dollars and rupees and more about the impact,” Bohigian added.

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