Asian Infra Bank to invest $1 billion in Indian projects

A $500-million investment in line four of metro rail and $600 million in suburban rail projects in Mumbai

The Asian Infrastructure Investment Bank (AIIB) is expected to invest around $1 billion in Indian projects this year. 

The Beijing-based multilateral development bank is looking at projects worth $5 billion next year.

Besides lending for projects directly, it is likely to invest $200 million through the National Infrastructure Investment Fund (NIIF) created by the central government, said D J Pandian, chief investment officer, and vice-president, AIIB. Last month, Abu Dhabi Investment Authority had signed a $1-billion agreement with NIIF that will be playing an incubation role for projects under the government’s Smart City, green energy and cleanliness programmes.  

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