Axis Bank and GuarantCo, through PIDG, Announce Guarantee Platform with a Programme Size of USD 300 Million to Accelerate Transition to Electric Vehicle Eco-system in India


Axis Bank, India’s third largest private sector bank and The Private Infrastructure Development Group (PIDG) guarantee arm, GuarantCo, have announced the partnership and intent to execute an umbrella guarantee framework of USD 200 million (INR equivalent) with a programme size of USD 300 million towards accelerating the E-Mobility eco-system in India.


 


The programme was announced during COP26 in Glasgow, which was also announced by the UK Prime Minister as part of the UK Clean and Green Initiative.

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