The International Finance Corporation (IFC), the World Bank’s investment arm, has the plan to raise $1bn (£630m) to fund the private sector investment in India.

CEOAFRICA news desk gathered that IFC intend to get the fund for the financing through the sale of the Indian rupee-linked bonds.

According to IFC, the bonds which will be sold outside India, will strengthen the country's capital markets and attract greater foreign investment in that the Foreign investors have in recent time been skeptical of entering India amid uncertainty over policies and a slowdown in growth.

Analysts also said the IFC bonds were likely to help attract investors who have been wanting to enter India but needed assurance.