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Along with the Ministry of External Affairs, Impact Investors Council, an impact-investing industry body, is to organise an impact investment conclave, Prabhav 2016, from November 15-17 in New Delhi, to help social entrepreneurs tap into what is being called an $18-billion opportunity.
Impact investment primarily focusses on creating a social/environmental impact as against financial motives. India has emerged one of the largest impact investment destinations with over 50 active impact investors and a cumulative investment of $7.5 billion, till date, across 350 enterprises, and funds in several sectors.
Prabhav 2016 aims to focus on how India can enhance its impact investing ecosystem to build a $18-billion sector by 2020 and a $1-trillion social economy by 2035.
The conclave is supported by IDFC Bank, Omidyar Network, GIZ, and DFID, and aims to bring leaders from as many as 150 global impact investors to India to meet potential investees.
Roopa Kudva, Partner and Managing Director, Omidyar Network India Advisors, said in a statement: “We hope to double our India investments to $300 million by 2020.”
Amit Bhatia, Founding CEO, Impact Investors Council, added: “Since 2001, India has attracted $7.5 billion in cumulative impact investments, $2.5 billion in core direct-to-beneficiary sectors and $5 billion in indirect impact such as rural infrastructure and climate change.”
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