US to invest over USD 15 million in India’s health infrastructure

The United States federal government agency is set to invest more than USD 15 million in India's health infrastructure , as part of the Partnership for Global Infrastructure and Investment ( PGII ), the White House has said.

Through USD 15 million, the International Development Finance Corporation (DFC) will support the expansion of a chain of eye clinics for conducting corrective surgery for underserved individuals and an India-based social enterprise that manufactures affordable women's hygiene products.

The US, Indonesia, and the European Union (EU) leaders announced the PGII at the G20 in Bali on Tuesday, aiming to accelerate investment in quality infrastructure in low- and middle-income countries worldwide and strengthen the global economy.

In line with the G20 theme for 2022, "Recover Together, Recover Stronger," PGII investments aim to create lasting positive impacts for partner countries, strengthen the resilience of communities, and support inclusive, sustainable development, as well as benefit partners' economic security and global supply chains.

"The leaders showcased the ways in which PGII partners are coming together to finance transformative infrastructure and to mobilize the private sector as drivers of quality global infrastructure and investment," the White House Fact Sheet read.

In his remarks, President Biden delivered an update on PGII's progress and impact to date.

Quality infrastructure is critical to countries' development outcomes, global supply chains, economic and national security, and the health and well-being of the planet and people around the world. (ANI)