London-headquartered Private Infrastructure Development Group (PIDG) is set to establish a dedicated fund to support projects in India during the second half of 2026, with an initial focus on the healthcare and agriculture industriest. The transaction represents a major scaling up of the group's investment infrastructure and climate portfolio in India.
Key Highlights
- PIDG plans dedicated India fund targeting healthcare and agriculture infrastructure projects this year.
- Group aims to mobilise USD 500 million for India’s green infrastructure investments over three years.
In a statement on the sidelines of an International conference in Singapore, Nishant Kumar, Head of Coverage – Asia, PIDG, said the organisation is also looking at mobilizing almost USD 500 million in equity investments for green infrastructure in India within the next three years.
In the second half of this year, the "unique project-supporting fund" for the Indian healthcare and agriculture sectors is to be created, Kumar said.
PIDG is planning to commit at least USD 150 million for green projects in India this year, on the back of its USD 150 million investment plan in 2025. Kumar says that these investments are usually funded in the form of equity and blended finance funds that are more likely to engage a much higher level of private funds.
Its catalytic investments can frequently spur private investors to commit additional capital – multiples of the initial investment – and contribute to the acceleration of investment in sustainable infrastructure in emerging markets, the organisation said.
PIDG Expands Climate and Green Infrastructure Push in India
Since 2010, PIDG has brought infrastructure investment to Asia and Africa through a portfolio of funds from the governments of India, private investors, philanthropists and development institutions. The group receives support from governments such as the United Kingdom, The Netherlands, Switzerland, Australia, Sweden and Global Affairs Canada.
So far, PIDG-backed projects have attracted more than USD 30 billion in private sector investment worldwide, and have supported more than 258 infrastructure projects which have benefitted more than 230 million people.
Kumar pointed out that PIDG is proactively working with governments and private sector partners to strengthen project preparation, facilitate bankability and spur capital investment into climate-integrated infrastructure.
Earlier this year, PIDG signed a memorandum of understanding (MoU) with the Uttar Pradesh government to mobilise investments into sectors including clean energy, biomass, sustainable transport, agri-photovoltaic technology and green hydrogen infrastructure.
“We are identifying, developing and financing infrastructure projects across key sectors, including clean energy, sustainable transport and green hydrogen infrastructure in Uttar Pradesh,” Kumar said.
According to the company, more than USD 500 million in private investments have already been mobilised in India for climate-positive infrastructure opportunities.
Meanwhile, GuarantCo - a PIDG-backed infrastructure credit guarantee platform - recently completed its first public-private partnership transaction under the Government of India’s Prime Minister e-Bus Sewa Scheme. The initiative supports the expansion of electric bus fleets and EV charging infrastructure across multiple Indian cities.
GuarantCo has partnered with Axis Bank to support electric mobility financing through a USD 200 million framework agreement aimed at accelerating India’s EV ecosystem growth.
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The organisation also received international recognition after its KPI Green Energy transaction in India won the “Best Structured Finance Deal” at the Finance Asia Achievement Awards in Hong Kong. The transaction involved India’s first externally credit-enhanced green bond issuance to support renewable energy expansion projects in Gujarat.
Industry experts believe PIDG’s growing focus on blended finance, climate infrastructure and sustainable development projects could strengthen private investment flows into India’s healthcare, agriculture and clean energy sectors over the coming years.
