<h1>IDFC's Second Infrastructure Fund Secures $644M, Aims for $1B; Boosts Indian Infrastructure with FDI and PPP Initiatives.</h1> The Union Finance Minister announced the first closure of IDFC's Second Infrastructure Fund, securing USD 644 million from foreign investors, with a target of USD 1 billion. Established in 1997, IDFC has been pivotal in channeling private investments into Indian infrastructure. The Indian government is promoting Public-Private Partnerships (PPPs) and has over 1000 PPP projects worth USD 97 billion. Efforts to attract Foreign Direct Investment (FDI) include increased sector limits and streamlined processes. Infrastructure Debt Funds benefit from tax exemptions and reduced withholding tax. The government aims for long-term growth through strategic investments and policy initiatives.