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IFC bets big on India?s green biz

Hindustan Times: The World Bank’s private sector lending arm, International Finance Corporation (IFC), sees a bright future in the Indian renewable energy sector. By the end of this month, its investment in Indian renewable energy and clean technology sectors that began in 2009-10 would have exceeded $1 billion (R5,900 crore). IFC follows a July-to-June calendar. Pravan Malhotra, who leads IFC’s clean technology investment team in South Asia, said more than a third of this investment occurred this year alone....