South Asia Growth Fund II
USD 150 million (target)
USD 10 million
Region: India and Bangladesh
Sector: Energy, water and resource efficiency
Financial instrument: Private Equity Fund
Financial intermediary: South Asia Advisors
The demand for energy is increasing in both India and Bangladesh due to population growth and rising rates of urbanisation. India alone is estimated to have over 300 million people without access to electricity, and those that do often have limited access. Enhancing the capacity, delivery, and efficiency of energy supply chains is therefore a key priority for economic development. In the same way, water is a critical resource for agriculture, industry, food security, and manufacturing. The Fund enables increased energy and water efficiency in the region, and SIFEM’s investment of USD 10 million supports greater public access and encourages sustainable business practices in South Asia.