GEF to Invest US$8.4 Million in Integrated Cleanroom Technologies (Asia)

Source: VCCircle  |  Author: Madhav A. Chanchani

Global private equity investor Global Environment Fund (GEF) has invested INR450 million (approximately US$8.4 million) in India’s Integrated Cleanroom Technologies (IClean) through its South Asia Clean Energy Fund. IClean provides contamination-free and temperature-controlled room facilities for industries such as pharmaceuticals, biotechnology, food and beverage, healthcare and electronics. The company plans to use the funding to expand its manufacturing facilities.