AIIB investment in India nears $3 billion

03 Dec 2019 CW Team

The Asian Infrastructure Investment Bank (AIIB) has ramped up its investments in India with 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 totalling $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 the 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.

Additionally, there will be an installation of control measures on 36 priority sections of existing lines. These measures include track segregation by fencing or using reinforced concrete walls and pedestrian crossings over or under the tracks.

“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.”

For 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 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. The Tata Cleantech Sustainable Infrastructure On-Lending Facility project aims to increase private capital investment in renewable energy, power transmission and water infrastructure.

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

The Asian Infrastructure Investment Bank (AIIB) has ramped up its investments in India with 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 totalling $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 the 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. Additionally, there will be an installation of control measures on 36 priority sections of existing lines. These measures include track segregation by fencing or using reinforced concrete walls and pedestrian crossings over or under the tracks. “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.” For 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 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. The Tata Cleantech Sustainable Infrastructure On-Lending Facility project aims to increase private capital investment in renewable energy, power transmission and water infrastructure. 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

Infrastructure Transport

18 Dec 2025

RVNL secures Rs 1.65 billion railway bridge project from North Eastern Railway

Rail Vikas Nigam (RVNL) has received a Letter of Award (LoA) from North Eastern Railway for a Rs 1.65 billion railway infrastructure project, strengthening its order book and showcasing its expertise in complex railway construction.The project involves constructing the substructure of a major railway bridge over the Gandak River, located between Paniyahwa and Valmikinagar stations. This is part of the doubling of the Gorakhpur Cantt–Valmikinagar railway section, aimed at improving line capacity and operational efficiency.The bridge will feature 14 spans of 61 metres each, built on double D-t..

Infrastructure Transport

18 Dec 2025

Raebareli’s Modern Coach Factory rolls out 15,000th railway coach

The Modern Coach Factory (MCF) at Raebareli in Uttar Pradesh has achieved a major manufacturing milestone with the rollout of its 15,000th railway coach on December 15, the Ministry of Railways said.In a press note, the ministry said that MCF has already produced 1,310 coaches in the current financial year 2025–26, reflecting sustained high output at one of Indian Railways’ most advanced passenger coach manufacturing units.Established in 2007 at Lalganj in Raebareli district, MCF was built at a cost of Rs 31.92 billion with an initial annual production capacity of 1,000 coaches. The factor..

Infrastructure Transport

18 Dec 2025

RailTel wins Rs 260.88 million IT infrastructure order from VOC Port

Navratna public sector undertaking RailTel Corporation of India has secured an IT infrastructure order worth Rs 260.88 million from V.O. Chidambaranar Port Authority (VOC Port), strengthening its presence in port-led digital transformation projects.According to an exchange filing dated December 16, 2025, RailTel has received a Letter of Acceptance (LoA) from VOC Port Authority for the implementation of advanced IT infrastructure at the port. The project is domestic in nature and is scheduled to be completed by August 15, 2026.The company said the order has been awarded in the normal course of ..