PFC Infra Finance IFSC receives approval to operate in GIFT City
Author: PPD Team Date: October 18, 2024
PFC Infra Finance IFSC Limited (PIFIL), a wholly owned subsidiary of Power Finance Corporation Limited (PFC), has been approved by the International Financial Services Centres Authority (IFSCA) to commence business as a finance company in IFSC GIFT City, Gujarat.
PIFIL will be the first finance company in the IFSC dedicated to power and infrastructure lending, providing financing in foreign currency for both government and private entities in India and abroad.
The company will focus on infrastructure and energy transition funding, aligning with India’s push towards clean energy and Net Zero goals. The Certificate of Registration was presented by Shri K. Rajaraman, Chairperson IFSCA, to Smt. Parminder Chopra, Chairperson of PFC and PIFIL, during a ceremony.