New Delhi, Oct. 13 -- US-based financial corporation JPMorganChase today announced the Security and Resiliency Initiative, a USD 1.5 trillion 10-year plan to facilitate, finance and invest in industries critical to national economic security and resiliency, an official statement said.
Under this initiative, JPMorganChase will make direct equity and venture capital investments of up to USD 10 billion to help select companies primarily in the United States to enhance their growth, spur innovation, and accelerate strategic manufacturing.
Jamie Dimon, Chairman and CEO of JPMorganChase, said, "It has become painfully clear that the United States has allowed itself to become too reliant on unreliable sources of critical minerals, products and m...