British International Investment tops $1 billion climate investment target in India, backs EV firm Turno
British International Investment (BII), the UK's development finance institution, has achieved a significant milestone by surpassing its $1 billion climate investment target in India. This achievement is underscored by BII's recent commitment of ₹43 crore to enhance electric bus infrastructure, aligning with India's broader energy transition strategy. As the country seeks to reduce carbon emissions and promote sustainable transportation, BII's investment in electric vehicle (EV) firms like Turno is pivotal. This investment not only aims to bolster the growth of EV infrastructure but also supports India's commitment to combating climate change and fostering green technology. With this funding, BII reinforces its role as a key player in India's transition towards a sustainable energy future, highlighting the increasing collaboration between international financial institutions and local enterprises to drive innovation in the EV sector.
Originally reported by LiveMint. Read original article
Related Articles
BusinessPPF To Senior Citizen Scheme: Four Tax-Saving Avenues For Risk-Averse Investors Under Old Regime
For risk-averse investors looking to maximize their tax savings under the old tax regime, there are several reliable ave...
BusinessT20 World Cup 2026: Revisiting Australia's Rare Group-Stage Exits Across World Cup History
Australia's unexpected exit from the group stage of the 2026 T20 World Cup has raised eyebrows, as this marks a rare ins...
BusinessNancy Guthrie update today: Live-streaming detective spots activity at Nancy's home, says report
Nancy Guthrie, who has been missing for three weeks, remains the focus of an ongoing investigation. Despite extensive se...
BusinessTax Ultra-Rich Or Raise Property Tax? Mamdani Shows Two Paths To Plug New York's $5.4 Billion Budget Gap
In response to New York's staggering $5.4 billion budget deficit, Assemblymember Zohran Mamdani is advocating for two po...