The fund - which will be managed by Mumbai-based Infrastructure Development and Finance Company subsidiary, IDFC Project Equity Company - will invest in infrastructure projects involving energy and utilities, transportation, telecommunications and social infrastructure in India.
Eric Siegel, president and chief executive of EDC, said: "IDFC has a solid track record of project finance and private equity experience in infrastructure in India, and is well positioned to become an important partner for Canadian exporters in this priority market.
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