The OPIC Blog

Archive for the India Tag

Featured Photo: Illuminating remote Indian villages with solar power

Children do their school homework under a solar light provided by Simpa Networks, a Seattle company and OPIC client that used OPIC financing to introduce affordable solar power technology in remote Indian villages. Last month Simpa Networks received the 2015 OPIC Impact Award for excellence in development in the Renewable Energy category.

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Focus on OPIC Impact Award winners: Simpa Energy India Ltd.

When you expand access to energy, you expand access to opportunity. That was the founding premise of Simpa Energy India Ltd., a provider of solar-as-a-service in rural India, which OPIC recognized May 19 with an Impact Award recognizing excellence in development, in the renewable energy category. Simpa was one of seven OPIC clients honored with Impact Awards last week and Read more…

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Focus on Caspian Impact Investments: One of OPIC’s 2014 impact investments

In its work to foster broad development impact and economic growth, OPIC seeks to support projects that deliver inclusive benefits such as basic financial services to populations that have traditionally been unable to obtain loans to save, buy a home or fund a business venture. Over the last two decades India has developed into one of the largest economies in Read more…

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Obama highlights OPIC’s role supporting development in India

President Barack Obama this week highlighted OPIC’s work supporting lending to small and medium businesses in India, when he spoke at the U.S. India Business Council. Obama, who visited India along with OPIC President Elizabeth Littlefield to mark the anniversary of India’s independence, said that OPIC financing would support lending in many of India’s rural and urban regions that are Read more…

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Democracy and progress in India

By Elizabeth L. Littlefield President and CEO, Overseas Private Investment Corporation This post also appeared on The White House Blog. Sixty-five years ago this week, India’s post-independence democratic constitution went into effect, paving the way for the country to become not only a democracy but the world’s largest democracy. Today, as a country of well over a billion people encompassing Read more…

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Featured photo: Bringing power to rural India

This photograph depicts a few of the more than 400 million people in India who live in remote villages with limited access to electricity. OPIC financing is helping Simpa Networks introduce home solar kits that are affordable and easy to use. January 26 is Republic Day in India, marking 68 years since India’s constitution came into effect, paving the way for Read more…

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Business as a force for good: OPIC celebrates another banner year

  Simpa Networks, a new OPIC client is working to provide solar power to tens of thousands of rural Indians. OPIC this week announced fiscal year financial results showing another strong year in 2014, including $3 billion in financing and insurance commitments in emerging markets, which mobilized an additional $3.2 billion in private-sector investment. OPIC also extended its longstanding track Read more…

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Featured photo: Illuminating rural villages in India

A snack shop owner in a small town near Mangalore, India gets electricity to light the store from a simple pay-as-you-go solar system provided by Simpa Energy India Ltd., a subsidiary of Simpa Networks of Seattle. OPIC recently committed a $3 million loan to Simpa to support the introduction of up to 50,000 new solar systems in rural parts of Read more…

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OPIC project’s value commended at USGLC talk

The U.S. Global Leadership Coalition highlighted OPIC client Husk Power during a talk last month about the value of positive economic engagement in advancing foreign relations. Husk’s founders used an OPIC loan to introduce a series of mini-power plants in remote regions of India. “Today in India, 200,000 people now have electricity because of this project,” USGLC Executive Director Liz Read more…

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Beyond BRIC: The next economic giants

  It’s been 13 years since economist Jim O’Neill coined the term BRIC to refer to the four developing countries (Brazil, Russia, India and China) enjoying strong economic growth and promise rivaling or surpassing that seen in the developed world. Since then, many countries beyond the BRIC four have also started enjoying accelerated growth and economic promise in the developing Read more…

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