New Delhi, Feb 14: International Finance Corporation plans to increase its investment to $ 1 dollar this year in Indian companies, mostly engaged in manufacturing, infrastructure and financial sectors. "Our exposure was about $ 670 million so far. We want to increase our exposure to $ 1 billion," IFC vice president (operations), Assaad J Jabre, said at a CII conference here on Thursday.

The World Bank's private lending arm plans to extend the funds in one year if it gets good quality assets, he said.
"We are willing to do restructuring, refinancing and acquisition finances. Our focus would be financial markets and how to strengthen commercial banks. We are willing to invest more in infrastructure," Jabre said.
India is currently the sixth largest recipient of IFC funding. Since 1956, the multilateral agency has invested $ 2.4 billion in projects of about 77 companies costing $ 14 billion.
IFC has invested $ 1.9 billion from its own account and $ 475 million in the form of loan syndication. Bureau Report