India may rope in LIC, pension fund to invest in green bonds

India may rope in LIC, pension fund to invest in green bonds

FILE PHOTO: A bird flies past the logo of Life Insurance Corporation of India (LIC) at one of its offices in New Delhi, India September 14, 2021. REUTERS/Anushree Fadnavis

The Indian government is considering mandating the Life Insurance Corp of India (LIC)  and sovereign pension fund to invest 1% of their assets under management in bonds issued by state-run power lending firms to finance green projects, two sources said.