GEF invests $12m in India's Rishabh Instruments
Global Environment Fund has invested INR750 million ($11.98 million) in Industrial Control Products maker Rishabh Instruments (RI), through its small and medium-sized enterprises-focused South Asia Clean Energy Fund (SACEF).
Nashik-based RI designs and manufactures energy meters and management systems. The company had consolidated revenue of INR2.25 billion in the financial year ended March, according to LiveMint, and is looking...
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