AIIB annual meeting 2018: Some states yet to warm up to agency funding

The interest rates are high at 9 to 9.5 per cent, Fadnavis said on the sidelines of the conference

Indian states such as Maharashtra and Bihar, where proposed infrastructure projects are plenty, the Asian Infrastructure Investment Bank (AIIB) is still to emerge as a preferred lender, as cost of debt and ability to lend big loans remain a concern.

“When AIIB Vice-President Danny Alexander came to me to discuss the flow of this meeting, I handed him a list of projects and he was kind enough to tell our bank is not as big as you think that we can handle these