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3rd Annual Meeting of AIIB kicks off in Mumbai

Speaking at the Press Conference during the ongoing third meeting of the Asian Infrastructure Investment Bank the Union Minister said that the Bank has matured in a very short period of time, and is rapidly progressing to be one of the world’s most important infrastructure financiers.

The Minister said neither the Government of India nor any state government has, in 70 years, had a single international default.

This has made India a good investment destination for Infrastructure, he emphasized.

The Minister also informed that the Bank has already funded six projects in India worth 1.2 billion USD and one more project has been approved.

He also said that the Government is focusing on creating infrastructure by promoting renewable energy and smart cities.

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