By
Tricitynews
Chandigarh 25th June:- India is looking forward
to investments in 9more projects from Asian Infrastructure Investment Bank
after having picked up almost 28% of the bank’s total lending so far of US$1.4
billion for 7 projects, said Union Minister for Finance, Piyush Goyal addressing
a press conference today during the Third Annual Meeting of the AIIB
Welcoming delegates from 86 countries, Piyush Goyal pointed out
that in just three short years, India has hosted three major events for
international multilateral banks; the New Development Bank (NDB), African
Development Bank (ADB) and now the Asian Infrastructure Investment Bank (AIIB)
in quick succession.
Lauding AIIB for its robust processes, Piyush Goyal said that it
is a matter of great pride that a concept that was floated in 2014 was able to
mature in 6-7 months, and by 2015 we had a Multilateral Development Bank in
place with India being the second largest stakeholder with over 8% stake.
He said further that AIIB has focused its investment in India on
lending to rural infrastructure, energy and power, environmental protection,
transportation and telecommunication, water supply and sanitation and urban
development and logistics and it is a matter of great pride that India is the
largest recipient of the $4.2 billion funds disbursed by it.
Attributing robust framework and easy to navigate policies being
the key reasons for the investment flow into infrastructure in the country,
Union Finance Minister said that India is a sweet spot where the rule of law
prevails to attract investments.
Earlier participating in the panel discussion on ‘Mobilizing
Finance for Infrastructure’, the Minister pointed out that integrity of people
and process would decide the investment discourse.
The Minister mentioned that Mumbai as a city has improved its
ranking in Swachhta Index significantly during the last few years and is
engaging with international global efforts for better quality of life.
By 2022, the government as part of Prime Minister’s plan will
ensure every citizen to have shelter on his head, 24x7 electricity, good
toilet, clean drinking water, access by road to his house and internet
connectivity, he said.
Industries Department, Government of Maharashtra is the nodal
Department, Maharashtra Industrial Development Corporation (MIDC), Government
of Maharashtra is the nodal agency, Confederation of Indian Industry (CII) is
the Professional Conference Organizer (PCO), Research and Information Systems
for Developing Countries (RIS) is the knowledge partner, for the third Annual
Meeting of AIIB.
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