SBI, EIB to invest up to Euro 100 MN in Indian SMEs focused on climate change, sustainability
“Innovative solutions often require innovative forms of financing, such as private equity funds. Our partnership with the State Bank of India will create a much-needed source of equity financing for climate action and environmental sustainability solutions offered by innovative SMEs,” EIB’s head of operations in India, Christian Kettel Thomsen, said.
SBI Ventures” managing director and chief executive Suresh Kozhikote said the Neev Fund generates commercially attractive returns while making a significant positive contribution to society.
