India emerges AIIB's largest market for infra financing
India has emerged as an attractive destination for project funding by the Asian Infrastructure Investment Bank (AIIB), surpassing all other countries in terms of infrastructure development. The AIIB has directed a significant portion of its funds towards sovereign Indian infrastructure projects, with a total investment of USD 10 billion and this amounts to over 20% of the bank’s overall infrastructure project funding since it’s in December 2015. Rajat Misra, the AIIB South Asia Director General, stated that India’s robust pipeline of infrastructure projects has contributed to its position as the largest project funding market for the bank.
📅Published on:
26 October 2023
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved two major Central Government infrastructure projects in
Reliance Industries Limited (RIL) has announced a partnership with Meta Platforms to develop a 168 MW data centre in Jamnagar, Gujarat, marking a major milestone
Union Agriculture & Farmers Welfare and Rural Development Minister Shivraj Singh Chouhan chaired a meeting of State Rural Development Ministers to review the
Vice-President of India C. P. Radhakrishnan was briefed on key water resource management initiatives and infrastructure projects during a meeting with Union
Tamil Nadu government has signed a Memorandum of Understanding (MoU) with Larsen & Toubro (L&T) for three major projects involving a total investment of Rs
The National Bank for Financing Infrastructure and Development announced the establishment of the Institute for Infrastructure Development (IID), a dedicated
A major boost to the industrial development of Bundelkhand, the Ministry of Environment, Forest and Climate Change has granted environmental clearance to the
Jyoti Structures Limited (JSL), a listed Engineering, Procurement and Construction (EPC) company specialising in power transmission infrastructure, has stepped
National Highways Authority of India (NHAI) has finalised a tentative list of National Highway stretches proposed for monetisation under the Toll-Operate
In a landmark development under the Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs (PM-SETU) scheme, the National Steering
Kalpataru Projects International Limited (KPIL) and its international subsidiaries have secured new orders and notifications of award worth approximately Rs
KEC International Ltd., a global infrastructure EPC major and an RPG Group company, has secured new orders worth Rs. 1,303 crores across its various business
The Ministry of Statistics and Programme Implementation (MoSPI) has reported cost overruns of around Rs 5.65 lakh crore across major infrastructure projects
The Delhi Government has approved projects worth over Rs 1,000 crore aimed at improving sewage treatment infrastructure and supporting the rejuvenation of the
Panattoni has announced its strategic entry into the Hyderabad cluster with a landmark Rs 150 Crore advanced manufacturing project. In advanced engineering,
Uttar Pradesh Chief Minister Yogi Adityanath reviewed preparations for Ground Breaking Ceremony (GBC) 5.0 during a meeting with Invest UP officials and said
Union Minister for Road Transport and Highways Nitin Gadkari has called for stronger joint ventures between Indian and US companies to accelerate technology
Larsen & Toubro Limited has inaugurated India’s largest skill training institute in Vadnagar, aimed at developing skilled manpower for the construction and
MAN Industries India Limited has announced that its wholly owned Saudi subsidiary, MAN International Steel Industries Company (MISIC), has acquired 100% stake
Chief Minister Yogi Adityanath conducted a high-level review of three important subjects linked to the future economy of the state, which include the Uttar
