The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved a USD145-million loan to India to improve irrigation service delivery and strengthen flood risk management in West Bengal. Earlier this month, AIIB President Jin Liqun also approved a USD 65-million 250-megawatt (MW) solar power project in Jodhpur.
The Reserve Bank of India (RBI) recently issued a notification on lending by banks to Infrastructure Investment Trusts (InvITs). While earlier, RBI had permitted banks to invest in units of InvITs, in the absence of clarity on lending to InvITs banks were reluctant to extend credit facilities to InvITs.
The Asian Infrastructure Investment Bank (AIIB) has approved a loan of up to US $90 mn for the Upper Trishuli-1 Hydropower Project – a 216 MW grrenfield run-of-river hydropower plant to be developed on the Trishuli river, AIIB’s first project in Nepal.
Considering India's substantial infrastructure requirement, the Asian Infrastructure Investment Bank (AIIB) has planned to invest about Rs 127 billion in projects including transport (metro), rural (road upgradation), energy (renewables) and water and waste management.
This year is a landmark for Malaysia for more than one reason. It marks both the 60th year of Malaysian independence and the 60th year of formal India-Malaysia diplomatic relations, 'which have been strong and friendly since the establishment of diplomatic relationships in 1957,' says Mazlan Harun, Consul/Trade Commissioner, Consulate General of Malaysia.