+
Sitharaman urges AIIB to ramp up India investments
ECONOMY & POLICY

Sitharaman urges AIIB to ramp up India investments

Finance Minister Nirmala Sitharaman last week urged the Asian Infrastructure Investment Bank (AIIB) to scale up investments and mobilise private finance in India's priority areas like renewable energy, energy efficiency and climate-smart technologies. She made the request to AIIB President Jin Liqun, whom she met in her capacity as the governor of the second largest shareholder of the bank.

As India is the largest client of the AIIB, the finance minister reiterated during the meeting that the bank should consider setting up a regional presence in India.

While appreciating the AIIB's growing portfolio in India, Sitharaman suggested that it should shore up investments in key areas like renewable energy and climate technologies.

October 26, the finance minister had attended the 7th annual meeting of the Board of Governors of the AIIB, where it was decided that the bank will ramp up investments in priority areas for India like clean energy and infrastructure, with a special focus on education and health.

See also:
Tata Power Solar, Union Bank tie up for MSME loans..
Pact inked to impart training in Arunachal power sector


Finance Minister Nirmala Sitharaman last week urged the Asian Infrastructure Investment Bank (AIIB) to scale up investments and mobilise private finance in India's priority areas like renewable energy, energy efficiency and climate-smart technologies. She made the request to AIIB President Jin Liqun, whom she met in her capacity as the governor of the second largest shareholder of the bank. As India is the largest client of the AIIB, the finance minister reiterated during the meeting that the bank should consider setting up a regional presence in India. While appreciating the AIIB's growing portfolio in India, Sitharaman suggested that it should shore up investments in key areas like renewable energy and climate technologies. October 26, the finance minister had attended the 7th annual meeting of the Board of Governors of the AIIB, where it was decided that the bank will ramp up investments in priority areas for India like clean energy and infrastructure, with a special focus on education and health. See also: Tata Power Solar, Union Bank tie up for MSME loans.. Pact inked to impart training in Arunachal power sector

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?