India and US struck a IIA deal

The Investment Incentive Agreement (IIA) is likely to result in increased investment support from America's development finance corporation (DFC) that focuses on various sectors in India.

India and US struck a IIA deal
Image: Vinay Kwatra, foreign secretary and Scott Nathan, chief executive officer of the US International Development Finance Corporation (DFC), signed the Investment Incentive Agreement (IIA). Credits: @PIB_India (Twitter)

On Monday, foreign secretary Vinay Kwatra and Scott Nathan, chief executive officer of the US International Development Finance Corporation (DFC), signed the Investment Incentive Agreement (IIA) in Tokyo, Japan.

This arrangement is likely to result in increased investment support from America's development finance corporations across a variety of sectors.