Recently Government of India has signed an Investment

Solution

The Government of India and the Government of the United States of America has signed an Investment Incentive Agreement (IIA) at Tokyo, Japan. The Agreement is the legal requirement for DFC, to continue providing investment support in India. DFC or their predecessor agencies are active in India since 1974 and have so far provided investment support worth $5.8 billion of which $2.9 billion is still outstanding. DFC has provided investment support in sectors that matter for development such as COVID-19 vaccine manufacturing, healthcare financing, renewable energy, SME financing, financial inclusion, infrastructure etc. This IIA supersedes the Investment Incentive Agreement signed between the Government of India and the Government of the United States of America in the year 1997. About US Capital: Washington, D.C. Currency: US Dollar