+
AIIB Plans To Boost India Funding To $17 Billion Annually
ECONOMY & POLICY

AIIB Plans To Boost India Funding To $17 Billion Annually

Beijing-based Asian Infrastructure Investment Bank (AIIB), in which India holds the second-largest share after China, is in talks with Central and state governments as well as Indian industry to finance a robust pipeline of sovereign and private sector projects, AIIB Vice President Ajay Bhushan Pandey said on Tuesday.
The multilateral lender aims to increase its annual project financing from around $10 billion last fiscal year to $17 billion in the coming years.
On a visit to India, Pandey noted that the bank is expanding beyond traditional infrastructure and is now funding digital public infrastructure, data centres, communication, affordable housing, healthcare, and education.
So far, AIIB has deployed $12 billion in India, with Rs 1.8 billion invested in the private sector. The bank’s overall loan book stands at approximately $60 billion and is poised to grow further.
“We will closely engage with the Government of India, state governments and private players,” said Pandey, who previously served as India’s Finance Secretary and Chairperson of the National Financial Reporting Authority.
He stated that the AIIB is committed to building a strong pipeline of sovereign projects in collaboration with all relevant ministries and will also partner with the private sector to explore financing through various available mechanisms.
“Our message to Central and state ministries is clear—this is your bank, and you must optimally utilise the resources it offers,” Pandey added.
He shared that detailed meetings had taken place with the Department of Economic Affairs and the Department of Water Resources, River Development and Ganga Rejuvenation to explore support for dam revival, the Namami Gange programme, and river interlinking projects. Further talks are scheduled with ministries of health and power, as well as Maharashtra’s chief minister and officials, to shape a comprehensive infrastructure project pipeline.
Alongside China and India, the bank’s major shareholders include Russia, Germany and South Korea. With 110 member nations, the AIIB is expanding its role in development finance, particularly as emerging economies face pressing infrastructure and climate-related investment needs.
According to a recent Deloitte India report, titled The Climate Response: Tapping into India’s Climate and Energy Transition Opportunity, India will need around $1.5 trillion in investment by 2030 to address climate change. This funding would target renewable energy, biofuels, decarbonisation, and sustainable infrastructure.
India has committed to achieving net zero emissions by 2070. 

Beijing-based Asian Infrastructure Investment Bank (AIIB), in which India holds the second-largest share after China, is in talks with Central and state governments as well as Indian industry to finance a robust pipeline of sovereign and private sector projects, AIIB Vice President Ajay Bhushan Pandey said on Tuesday.The multilateral lender aims to increase its annual project financing from around $10 billion last fiscal year to $17 billion in the coming years.On a visit to India, Pandey noted that the bank is expanding beyond traditional infrastructure and is now funding digital public infrastructure, data centres, communication, affordable housing, healthcare, and education.So far, AIIB has deployed $12 billion in India, with Rs 1.8 billion invested in the private sector. The bank’s overall loan book stands at approximately $60 billion and is poised to grow further.“We will closely engage with the Government of India, state governments and private players,” said Pandey, who previously served as India’s Finance Secretary and Chairperson of the National Financial Reporting Authority.He stated that the AIIB is committed to building a strong pipeline of sovereign projects in collaboration with all relevant ministries and will also partner with the private sector to explore financing through various available mechanisms.“Our message to Central and state ministries is clear—this is your bank, and you must optimally utilise the resources it offers,” Pandey added.He shared that detailed meetings had taken place with the Department of Economic Affairs and the Department of Water Resources, River Development and Ganga Rejuvenation to explore support for dam revival, the Namami Gange programme, and river interlinking projects. Further talks are scheduled with ministries of health and power, as well as Maharashtra’s chief minister and officials, to shape a comprehensive infrastructure project pipeline.Alongside China and India, the bank’s major shareholders include Russia, Germany and South Korea. With 110 member nations, the AIIB is expanding its role in development finance, particularly as emerging economies face pressing infrastructure and climate-related investment needs.According to a recent Deloitte India report, titled The Climate Response: Tapping into India’s Climate and Energy Transition Opportunity, India will need around $1.5 trillion in investment by 2030 to address climate change. This funding would target renewable energy, biofuels, decarbonisation, and sustainable infrastructure.India has committed to achieving net zero emissions by 2070. 

Next Story
Infrastructure Transport

Audit Begins on Srisailam Bridge Amid Structural Safety Concerns

An audit of the Srisailam road bridge—an over 50-year-old structure spanning the Krishna River between Andhra Pradesh and Telangana—has commenced amid growing concerns over its structural integrity.Authorities from the Roads & Buildings (R&B) Department and the National Highways Authority of India (NHAI) conducted a detailed inspection over the weekend following reports of significant vibrations when heavy vehicles traverse the bridge. Engineering teams carried out load tests, including the movement of a tipper truck across the span with varying weights, to monitor the bridge’s r..

Next Story
Infrastructure Urban

SC permits felling of 95 trees for road project near Aarey

The Supreme Court has permitted the felling of 95 trees for the Goregaon-Mulund Link Road (GMLR) project in Mumbai’s Film City area, located near the Aarey forest belt. However, the Court clarified that no trees may be cut without its explicit permission.A bench headed by Chief Justice of India D Y Chandrachud and Justice K Vinod Chandran heard the Bombay Municipal Corporation’s (BMC) plea seeking approval to proceed with the initial phase of tree removal. The request followed a previous Supreme Court order dated January 10, which barred the BMC’s Tree Authority from cutting trees in Aar..

Next Story
Infrastructure Transport

Bengaluru Tunnel Road DPR Reduces Tunnelling Timeline to 24 Months

Officials from Bengaluru Smart Infrastructure (B-SMILE) claim the reduced timeline is achievable through the deployment of advanced TBMs, each capable of boring a minimum of 200 metres per month—more than double the previous estimate. The overall project duration has also been reduced from 61 months to 50 months in the final DPR.“We initially considered six TBMs with a cutting speed of 90 metres per month, but that made the process too lengthy,” said B S Prahallad, Director, B-SMILE. “Switching to eight high-speed machines allows us to complete 32 km of tunnelling in two years under op..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?