EIB Invests USD 40 Million in SME Digitalization Fund
Dec 19, 2023 20:59
The European Investment Bank (EIB) has announced a USD 40 million investment in a private equity fund aimed at supporting the digitalization of Indian SMEs.
New Delhi, Dec 19 (PTI) European Investment Bank (EIB), a long-term lending institution of the European Union, on Tuesday announced a contribution of USD 40 million for a private equity fund supporting digitalisation of Indian SMEs.
Through its digitalisation and market access investment themes, the fund will target sectors like healthcare, consumer products and services, financial services, technology and business services, and specialty manufacturing, EIB said in a statement.
The investment by EIB Global in the private equity fund Amicus Capital Partners II leverages digitalisation and technology to overcome geographic limitations.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.