Private Infrastructure Development Group (PIDG), in partnership with National Stock Exchange of India (NSE) and NSE IX, has strengthened its commitment to India’s sustainable financial ecosystem by hosting an expert industry forum at Trident BKC, Mumbai. The event brought together the nation’s leading institutional investors and key industry and policy-making stakeholders.
Following three successful credit enhancement bond transactions in India this year, PIDG’s guarantee arm, GuarantCo, is stepping up its efforts to increase investor confidence in credit enhancement structures. The initiative aims to expand participation in the domestic debt market and accelerate capital mobilization towards India’s sustainability transition.
Capital mobilization milestones
In 2025, GuarantCo mobilized over INR 290 billion (approximately USD 330 million) of private institutional capital through three landmark transactions. These include:
-Vivriti Capital – 290 billion rupees (US$23.4 million) listed bond issue
-KPI Green Energy – 670 million rupees (US$80 million) green listed bonds
-Muthoot Capital – 150 million rupees (US$17 million) green listed bonds
Credit enhancement enabled all three issues to achieve AA+(CE) ratings, attracting a new class of institutional investors and directing capital to sustainability-focused issuers. Additionally, GuarantCo collaborated with India’s leading credit rating agencies to develop credit enhancement methodologies and strengthen the domestic capital market framework.
These deals will 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 prospects and strategies
Nishant Kumar, Managing Director, Asia Investments, GuarantCo and Head of Asia, PIDG, said:
“We aim to strengthen our thematic debt pipeline beyond 2026 and mobilize private capital while mitigating risk through credit enhancement in line with blended finance principles. The combination of guarantee solutions and market education will contribute to India’s sustainability and climate finance goals and support long-term infrastructure growth in line with the Vikshit Bharat 2047 vision.”
PIDG’s global impact
PIDG continues to advance socio-economic development and climate-resilient infrastructure across low-income and emerging economies in Asia and Africa. Its projects have improved access to infrastructure for more than 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, and 72% supported gender equality outcomes.
Through blended finance, PIDG leverages public funds to absorb early-stage risks and enable institutional and domestic investors to invest at scale. Its 2030 strategy targets $25 billion in additional financing to support sustainable development, with a focus on Asia, where emerging markets account for about 75% of global emissions and many regions are vulnerable to climate change.
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