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Economy News Notes

Written By tiwUPSC on Tuesday, January 17, 2012
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India to launch $1 bn innovation fund by June-July

  • India plans to launch a $1 billion fund by June-July, with an initial capital of 5 billion rupees ($97.02 million), to invest in innovations that can generate services and products to uplift the poor
  • The fund, named India Inclusive Innovation Fund, will invest in sectors such as agriculture, water, energy and healthcare
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