PIDG Expands India Portfolio in 2025, Mobilising INR 2,900 Crore Private Capital for Green and Sustainable Infrastructure

The Private Infrastructure Development Group (PIDG) has reinforced its commitment to India’s sustainable finance ecosystem by hosting an Expert Industry Forum in partnership with the National Stock Exchange (NSE) India and NSE IX at the Trident BKC, Mumbai. The event convened leading domestic institutional investors alongside key industry and policymaking stakeholders.

Following three successful credit-enhanced bond transactions in India this year, PIDG’s guarantee arm, GuarantCo, is intensifying its engagement to boost investor confidence in credit enhancement structures. The initiative aims to broaden participation in the domestic debt market and accelerate capital mobilisation for India’s sustainability transition.

Capital Mobilisation Milestones
In 2025, GuarantCo has mobilised over INR 2,900 crore (approximately USD 330 million) in private institutional capital through three landmark transactions. These include:

-Vivriti Capital – INR 2,900 crore (USD 23.4 million) listed bond issuance

-KPI Green Energy – INR 670 crore (USD 80 million) green listed bond

-Muthoot Capital – INR 150 crore (USD 17 million) green listed bond

Credit enhancement enabled all three issuances to achieve AA+(CE) ratings, attract new classes of institutional investors, and channel capital toward sustainability-focused issuers. Additionally, GuarantCo collaborated with India’s leading credit rating agencies to develop a methodology for credit enhancement, strengthening domestic capital market frameworks.

These transactions contribute to multiple UN Sustainable Development Goals (SDGs), including Affordable and Clean Energy (SDG 7), Decent Work and Economic Growth (SDG 8), and Climate Action (SDG 13).

Future Outlook and Strategy
Nishant Kumar, Managing Director, Asia Investments at GuarantCo and Head of Coverage – Asia at PIDG, stated:
“We aim to strengthen our thematic bond pipeline in 2026 and beyond, mobilising private capital while reducing risk through credit enhancement in line with blended finance principles. By combining guarantee solutions with market education, we contribute to India’s sustainability and climate finance goals, supporting long-term infrastructure growth aligned with the Viksit Bharat 2047 vision.”

Global Impact of PIDG
PIDG continues to advance socio-economic development and climate-resilient infrastructure across lower-income and emerging economies in Asia and Africa. Its projects have improved access to infrastructure for over 232 million people and created more than 258,000 long-term jobs. In 2024, 64% of PIDG’s investment commitments were classified as climate finance, while 72% supported gender equality outcomes.

Through blended finance, PIDG leverages public funds to absorb early-stage risk, enabling institutional and domestic investors to invest at scale. Its 2030 Strategy targets USD 25 billion in additional finance to support sustainable development, with a focus on Asia, where emerging markets account for approximately 75% of global emissions and host many climate-vulnerable regions.