India Becomes the Epicenter of Impact Investing
Tuesday, 11 June 2013, 02:12 IST
Bangalore: Since India became the place for private enterprises, there has been rapid growth of impact investing.
Impact investing is a process where the investment is made into the companies or organizations that will benefit the society and at the same time fetch investor with some amount as returns. This kind of investment can be made in developing countries as well as in the developed countries.
There are many international investment firms who prefer to make their investment in India as they feel that there is lot of potential for “impact investing” in India, reports Times of India.
Omidyar Network an investment company,founded by eBay founder Pierre Omidyar and his wife Pam are planning to make their investment in India with $200 million on profit and non- profit organizations for three to five years.
Another global investment company Gray Ghost Ventures are planning to make an investment in India with $60 million by next five years.
Dasra an impact investment company was provided with $480,000 from The Rockefeller Foundation to improve the trend of impact investing in India and to encourage impact investing that are coming from India as well.
Infact, Dasra has given $200,000 to Villgro Innovations Foundation that trains people in social entrepreneurship through developmental programmes, business models and helps them calculate the social impact that will fetch benefits for the poor people in India.
Also Read: India's Top 10 Mutual Funds How to Repay and Save On Home Loans?