IIC kicks off India's maiden Impact Investment Conclave- 'Prabhav'
| Updated: Aug 23, 2017 11:20 IST
New Delhi [India], Nov. 16 (ANI): India's only impact investing industry body, the Impact Investors Council (IIC) has kicked off India's very first Impact Investment Conclave, Prabhav 2016, on Wednesday here. Organized in partnership with the Investment and Technology Promotion Division of the Ministry of External Affairs, Prabhav 2016 will span over a course of three days. For the first time, ever, Prabhav 2016 is bringing top leaders from as many as 175 global impact investors to India to meet potential investees. "IIC's aim is to help build this sector over the next decade. We hope that through the dialogues at Prabhav 2016 we will be able to have a meaningful conversation on the risk-return tradeoffs, performance of investors, social impact measurement, and other relevant issues," says Chairman-IIC and Founder-Elevar Equity, Sandeep Farias. One of the highlights of the conclave were the key findings from an ongoing McKinsey research report on the state of Impact Investment Industry in India, presented by Vivek Pandit, senior partner, McKinsey and Company in India. The key findings from the report suggest that Impact investing in India is estimated at a US$4.1bn market in terms of cumulative investments from 2010 to 2015. The sector is growing at about 15% annually. "The findings from the McKinsey report validate our belief that India has the potential to emerge as the world's No. 1 emerging market for impact investing. The sector, as suggested in the McKinsey report, could grow 6 to 8 times in the next decade reaching about US$6-8 billion in annual investments by 2025 from the current US$1 billion," said CEO of Impact Investors Council, Amit Bhatia. Impact Investors Council (IIC) is the industry association of Impact Investors in India. It seeks to develop the impact-investing sector in India by focusing on impact measurement and standardization, research & policy support and self-regulation. (ANI)