New Delhi [India], Oct 12 : India's only impact investing industry body, the Impact Investors Council (IIC) has announced that it is organizing India's very first Impact Investment Conclave, Prabhav 2016 in Delhi from November 15th to 17th in partnership with India's Ministry of External Affairs.
Impact investment primarily focuses on creating a positive social or environmental impact as against merely financial motives.
India has emerged as one of the largest impact investment destinations in the world with over 50 active impact investors and a cumulative investment of USD 7.5 billion till date in more than 350 enterprises and funds across a range of industries such as financial inclusion, agribusiness, healthcare, education and clean energy.
For the first time ever, Prabhav 2016 will bring top leaders from as many as 150 global impact investors to India to meet potential investees.
Eminent speakers at the conclave will represent the multiple stakeholders: The global impact investors will also participate in tours across North, West and South India to meet various social enterprises and gain a first-hand, immersive grassroots experience of social impact at work.
Supporting Quotes: "Impact Investing has the potential to be India's next transformational industry by bringing so many LPs and GPs together on one platform to meet potential investees, Prabhav 2016 will be a game changer for India's social enterprises that will indirectly boost incomes, jobs, and access to essential services significantly," adds Sandeep Farias, Chairman- IIC and Founder Elevar Equity.
Dr. Rajiv Lall, Founder MD (and) CEO, IDFC Bank said, "IIC is benefiting the lives of the people at the base of the economic pyramid by combining the depths of management, a social entrepreneurial spirit and depth of financial markets to create impact across industries." Roopa Kudva, Partner and Managing Director, Omidyar Network India Advisors says, "Omidyar Network is deeply committed to supporting social entrepreneurs in India - in fact, we hope to double our India investments to USD300mm by 2020.
Based on the opportunities we are seeing, we believe that impact investing is at a tipping point in India, and we look forward to attending Prabhav 2016 to further support and advance the industry." Amit Bhatia, Founding CEO of Impact Investors Council, says, "Since 2001, India has attracted a stellar USD 7.5 billion in cumulative impact investments- USD 2.5 billion in core direct-to-beneficiary sectors (e.g., Financial Inclusion, Skills Development or Affordable HealthCare) and another USD five billion in indirect impact (e.g., Rural Infrastructure and Climate Change).
Prabhav 2016 will focus on how India can enhance its Impact Investing ecosystem to build a USD 18 billion sector by 2020 and a USD one trillion social economy by 2035.".
Source: ANI
