India Prosperity Fund Programme
The Programme aims to reduce poverty in India and address global challenges such as climate change and supporting increased prosperity for India.
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Through a £41 million investment, this programme will concentrate on using the UK’s strengths that match India’s reform priorities and development needs. These include climate and green growth, including working with India on taking a sustainable, low carbon approach to urbanisation. They also include advocating free and fair trade through work on ease of doing business, skills, and financial services:
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energy and low carbon (£10 million): working with India to address climate change and promote clean energy, supporting the UK’s ambitions at COP26
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urban development (£12.4 million): helping important Indian cities design major infrastructure projects to address significant environmental and poverty challenges, reducing CO2 emissions and creating opportunities for UK and international companies
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ease of doing business (£8.2 million): aiming to improve India’s business environment to unlock economic growth within India and open opportunities for UK and international companies
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skills (£4.7 million): supporting the Indian government’s ‘Skill India’ initiative by:
- developing the skills market in mutual priority sectors through institutional capacity building
- promoting international standards
- demonstrating sustainable commercial models for the providing high quality skills training
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financial services (£6.55 million): helping India to develop and reform its financial markets. Well-functioning financial services are crucial for India’s growth and this is an area of UK expertise