Question
Recently India and which country signed an investment
incentive agreement, that enable the Development Finance Corporation (DFC) to continue with its investments in this country?Solution
India and the US recently signed an investment incentive agreement, which will supersede an earlier agreement and enable the US International Development Finance Corporation (DFC) to continue with its investments in this country. The DFC, a development finance agency of the US government, is currently considering investment proposals worth $4 billion for India. The DFC or their predecessor agencies are active in India since 1974 and have so far provided investment support worth $5.8 billion.
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