India wants AIIB investments in 9 projects: Goyal


India wants AIIB investments in 9 projects: Goyal

Terming India “a sweet spot where the rule of law prevails”, Finance Minister Piyush Goyal said here on Monday the country wants investments in nine projects from the China-based Asian Infrastructure Investment Bank (AIIB).

Speaking to the media, Goyal said India has already picked up alsmost 28 per cent – or $1.4 billion – AIIB’s total lendings, for seven projects in the country.

The focus of AIIB’s lending has been on rural infrastructure, energy and power, environmental protection, transportation and telecommunication, water supply and sanitation, besides urban developments and logistics.

Goyal said “it’s a matter of great pride that India is the largest recipient of the $4.2 billion funds disbursed by AIIB.” He attributed a robust framework and easy to navigate policies being the key reasons for the investment flow into the country’s infrastructure sector. Read More

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