According to the EIB, the project consists of a strategic partnership with Lok Capital to channel private capital (mainly from European investors) into Indian companies linked to EU supply chains, in line with the EU-India Free Trade Agreement and Global Gateway priorities (digital and climate). The EIB will invest alongside Team Europe through an EU based vehicle.

The Fund will contribute to further mobilizing private sector investments into India, benefiting European economies on many fronts, including trade cooperation, supply chains, technology, innovation, and clean energy transition. With a focus on India, the Fund targets high-impact sectors such as manufacturing, logistics, digital solutions for financial services, sustainable agriculture, circular economy, among others. A core pillar of the Fund is its emphasis on small and medium-sized enterprises (SMEs), which are critical engines of innovation, employment, and climate resilience in emerging markets. By improving access to growth capital, the Fund enables these SMEs to scale operations, enhance competitiveness, and integrate sustainability into their business models.

Through this operation, the EIB demonstrates its strategic commitment to furthering EU interests in India, by supporting a well-established, independent local fund manager that is expected to promote EU values such as gender empowerment, digitalisation, climate transition finance and corporate governance in the country.

As stated by Bloomberg, Lok Capital LLC operates as a venture capital firm. The Company focuses on generating market returns via investments into fin-tech, health-tech, food tech, agri-tech, and climate-tech companies that address pressing social and environmental challenges. Lok Capital serves customers in India.

No project contacts provided at the time of disclosure.

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm

ACCOUNTABILITY MECHANISM OF EIB

The EIB Complaints Mechanism is designed to facilitate and handle complaints against the EIB by individuals, organizations or corporations affected by EIB activities. When exercising the right to lodge a complaint against the EIB, any member of the public has access to a two-tier procedure, one internal - the Complaints Mechanism Office - and one external - the European Ombudsman. A complaint can be lodged via a written communication addressed to the Secretary General of the EIB, via email to the dedicated email address: complaints@eib.org, by completing the online complaint form available at the following address: http://www.eib.org/complaints/form via fax or delivered directly to the EIB Complaints Mechanism Division, any EIB local representation office or any EIB staff. For further details, check: http://www.eib.org/attachments/strategies/complaints_mechanism_policy_en.pdf

When dissatisfied with a complaint to the EIB Complaints Mechanism, citizens can then turn towards the European Ombudsman. A memorandum of Understanding has been signed between the EIB and the European Ombudsman establishes that citizens (even outside of the EU if the Ombudsman finds their complaint justified) can turn towards the Ombudsman on issues related to 'maladministration' by the EIB. Note that before going to the Ombudsman, an attempt must be made to resolve the case by contacting the EIB. In addition, the complaint must be made within two years of the date when the facts on which your complaint is based became known to you. You can write to the Ombudsman in any of the languages of the European Union. Additional details, including filing requirements and complaint forms, are available at: http://www.ombudsman.europa.eu/atyourservice/interactiveguide.faces