AIIB Investment in India nears $3 billion
ECONOMY & POLICY

AIIB Investment in India nears $3 billion

The Asian Infrastructure Investment Bank (AIIB) has ramped up its investments in India with a total in-country financing now standing at $2.9 billion.

Two of its most recent projects – approved by AIIB’s Board of Directors in October totaling $575 million – are expected to ease congestion in the country’s financial hub and boost private capital investment in renewable energy, power transmission and water infrastructure.

A loan of $500 million granted to the government of India is expected to fast-track work on Mumbai’s suburban railway network, improving the safety and daily commute of millions of passengers across the city. The funds will contribute to a quadrupling of Virar-Dahanu Road corridor (64 km) to provide an extension of the suburban railway service to connect peripheral areas with Mumbai. The project will also see the construction of a new suburban railway corridor between Panvel and Karjat localities (28 km) to cater to commuters in the area under rapid urbanisation and population growth.

Additionally, there will be an installation of control measures on 36 priority sections of existing lines to reduce fatal accidents. These measures include track segregation by fencing or using reinforced concrete walls and pedestrian crossings over or under the tracks. With a population of about 12 million, rail is the primary means of transport in Mumbai, where the suburban network totals almost 400 km and carries more than 7.5 million passengers a day.

“Over the past four years, AIIB’s investments in India have grown exponentially,” says DJ Pandian, Vice President and Chief Investment Officer, AIIB. “This is a clear sign of our valuable partnership. AIIB will continue aligning its commitments with the government’s priorities, with the bank serving as a catalyst to India’s continued development.”

On her part, Laurel Ostfield, Director General & Company Spokesperson, AIIB, shares, “So far we have invested $3 billion in India and we continue to see that grow. We have over a billion dollars in our pipeline for the country. The infrastructure need is huge here, India is our second largest shareholder and we will continue to invest in here.”  

As part of its firm commitment to financing sustainable infrastructure, in October, the bank also approved a loan of $75 million to Tata Cleantech Capital (TLLC), a leading financier of renewable energy in India. The Tata Cleantech Sustainable Infrastructure On-Lending Facility project aims at increasing private capital investment in renewable energy, power transmission and water infrastructure. The project will increase the provision of affordable and clean power, reduce greenhouse emissions and expand the power’s network reach and capacity. Under the Paris Agreement, the Government of India plans to reduce the country’s carbon intensity by 30-35 per cent of 2005 levels.

AIIIB is a multilateral development bank with a mission to improve social and economic outcomes in Asia. Headquartered in Beijing, the bank began operations in January 2016 and has now grown to 100 approved members worldwide.

To date, AIIB, which commenced operations in India in 2016, has contributed to 13 projects to assist its second largest shareholder develop infrastructure and services in transport, energy, water and finance.

- SHRIYAL SETHUMADHAVAN

In the picture (L-R): Laurel Ostfield, Director General & Company Spokesperson, AIIB, and DJ Pandian, Vice President & Chief Investment Officer, AIIB

The Asian Infrastructure Investment Bank (AIIB) has ramped up its investments in India with a total in-country financing now standing at $2.9 billion.Two of its most recent projects – approved by AIIB’s Board of Directors in October totaling $575 million – are expected to ease congestion in the country’s financial hub and boost private capital investment in renewable energy, power transmission and water infrastructure.A loan of $500 million granted to the government of India is expected to fast-track work on Mumbai’s suburban railway network, improving the safety and daily commute of millions of passengers across the city. The funds will contribute to a quadrupling of Virar-Dahanu Road corridor (64 km) to provide an extension of the suburban railway service to connect peripheral areas with Mumbai. The project will also see the construction of a new suburban railway corridor between Panvel and Karjat localities (28 km) to cater to commuters in the area under rapid urbanisation and population growth. Additionally, there will be an installation of control measures on 36 priority sections of existing lines to reduce fatal accidents. These measures include track segregation by fencing or using reinforced concrete walls and pedestrian crossings over or under the tracks. With a population of about 12 million, rail is the primary means of transport in Mumbai, where the suburban network totals almost 400 km and carries more than 7.5 million passengers a day.“Over the past four years, AIIB’s investments in India have grown exponentially,” says DJ Pandian, Vice President and Chief Investment Officer, AIIB. “This is a clear sign of our valuable partnership. AIIB will continue aligning its commitments with the government’s priorities, with the bank serving as a catalyst to India’s continued development.” On her part, Laurel Ostfield, Director General & Company Spokesperson, AIIB, shares, “So far we have invested $3 billion in India and we continue to see that grow. We have over a billion dollars in our pipeline for the country. The infrastructure need is huge here, India is our second largest shareholder and we will continue to invest in here.”   As part of its firm commitment to financing sustainable infrastructure, in October, the bank also approved a loan of $75 million to Tata Cleantech Capital (TLLC), a leading financier of renewable energy in India. The Tata Cleantech Sustainable Infrastructure On-Lending Facility project aims at increasing private capital investment in renewable energy, power transmission and water infrastructure. The project will increase the provision of affordable and clean power, reduce greenhouse emissions and expand the power’s network reach and capacity. Under the Paris Agreement, the Government of India plans to reduce the country’s carbon intensity by 30-35 per cent of 2005 levels.AIIIB is a multilateral development bank with a mission to improve social and economic outcomes in Asia. Headquartered in Beijing, the bank began operations in January 2016 and has now grown to 100 approved members worldwide.To date, AIIB, which commenced operations in India in 2016, has contributed to 13 projects to assist its second largest shareholder develop infrastructure and services in transport, energy, water and finance.- SHRIYAL SETHUMADHAVANIn the picture (L-R): Laurel Ostfield, Director General & Company Spokesperson, AIIB, and DJ Pandian, Vice President & Chief Investment Officer, AIIB

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement