<h1>India Joins European Bank for Reconstruction and Development to Boost Investments and Global Cooperation in Key Sectors.</h1> The Union Cabinet, led by the Prime Minister, approved India's membership in the European Bank for Reconstruction and Development (EBRD). This move aims to enhance India's international profile, boost investment opportunities, and foster cooperation through co-financing in sectors like manufacturing, IT, and energy. The membership will provide India access to EBRD's sector knowledge, benefiting private sector development and improving the investment climate. It will strengthen Indian firms' competitiveness and open international market opportunities. The initial investment is approximately one million, with financial implications depending on the number of shares purchased. This decision aligns with India's strategy to expand its global developmental presence.