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 Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000