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The Indian Institute of Management-Ahmedabad (IIMA) will launch the Indian Fund for Sustainable Energy (INFUSE) with an estimated fund size of Rs 100 crores in collaboration with the Union Ministry of New and Renewable Energy (MNRE), Technology Development Board (TDB) and British Petroleum(BP).
The Union Minister for New and Renewable Energy, Dr. Farooq Abdullah,and the Gujarat Chief Minister, Mr Narendra Modi, will launch the fund on August 25 in the IIMA premises, Dr Samir K Barua, Director, IIMA, said here on Tuesday.
INFUSE is the first of its kind private-public-academia partnership which the IIMA will support to incubate, build and support sustainable energy enterprises across the country. INFUSE will be managed by the IIMA's Centre for Innovation, Incubation and Entrepreneurship (CIIE) and aims at bringing together other like-minded corporates and organisations to work collaboratively to bridge India's energy demand-supply gap through development of sustainable entrepreneurial solutions, he said.
Others participating in the event will include Mr Deepak Gupta (Secretary, MNRE), Mr Justin Adams, (Head, BP Ventures), and Mr HK Mittal (Secretary, TDB).
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