<h1>US and India Sign New Investment Incentive Agreement in Tokyo, Boosting Development in Healthcare, Renewable Energy, and Infrastructure.</h1> The governments of the United States and India have signed a new Investment Incentive Agreement (IIA) in Tokyo, Japan, replacing the 1997 agreement. This update reflects significant changes, including the establishment of the U.S. International Development Finance Corporation (DFC) under the BUILD Act 2018, which succeeded the Overseas Private Investment Corporation. The IIA enables DFC to continue providing investment support in India, focusing on sectors like healthcare, renewable energy, and infrastructure. DFC has been active in India since 1974, with $5.8 billion in investment support to date, and $4 billion in proposals under consideration. The agreement aims to boost development in India.