The UK government’s development finance institution British International Investment (BII) is set to invest approximately $1 billion in climate-related projects in India by 2026. The move comes as India continues to expand its renewable energy capacity. BII has already invested over $300 million in climate finance in India, focusing on sectors such as renewable energy, electric mobility, and sustainable agriculture. With a current portfolio valued at $2.2 billion, BII has invested in over 290 businesses in India. The CEO of BII, Nick O’Donohoe, stated that India has produced the best returns of any geography the company has invested in, attributing it to buoyant stock markets and a stable political environment. He also mentioned that the Indian economy is currently going through a good phase compared to some African nations where high debt, inflation, and weakening currencies have affected returns. BII aims to invest in new entrepreneurs and companies struggling to raise funds for their emission-cutting projects.