AIIB is doubling available funds under its COVID-19 Crisis Recovery Facility to provide upto $10 billion due to high client demand.
Reddy told AIIB officials that his government intended to utilise these funds to construct ports at Bhavanapadu and Machilipatnam in Srikakulam and Krishna districts, respectively
India is the second-largest shareholder of the bank and the largest recipient of its loan and equity commitments.
AIIB's Director General Pang also expected the private investments in renewable energy sector in India as foreign direct investment, relieving the Indian government of project financing challenges
Under the Paris Agreement, the government of India plans to reduce the country's carbon intensity by 30-35 per cent of 2005 levels
Loan proceeds to be used to lend to wind, solar infrastructure projects in India
The AIIB results are based on a data analysis it has conducted in collaboration with Thomson Reuters and The Economist Intelligence Unit, between August and October, 2018
Industry's contribution to economic growth and development was also discussed. Modi urged the corporate sector to invest in a big way, especially in the agriculture sector
Risk perception, govt regulations key challenges, say panelists
In 2015, the government of India announced its plan to build 100 smart cities and rejuvenate another 500 cities
Government aims to reach the fiscal deficit target of 3.3 per cent of GDP in BE 2018-19
The panel stressed on the importance of both hard and soft infrastructure to boost cross-border trade and relations
Goyal refuted any charges that Indian banks are shying away from infrastructure projects, but said they have provided yeoman services to the country's infrastructure growth will continue to do so
The interest rates are high at 9 to 9.5 per cent, Fadnavis said on the sidelines of the conference
In contrast, 75 per cent of the capital at the AIIB has been contributed by Asian economies
Prime Minister Narendra Modi will inaugurate the third annual meeting of the Asian Infrastructure Investment Bank (AIIB) in Mumbai on Monday
Of the total 26 projects that the AIIB has undertaken across Asia, so far India has generated most of the attention
"We have another $ 1.9 billion for Indian projects in the pipeline," vice-president and corporate secretary Danny Alexander told.
The funds would be used for investment in India's energy, roads and urban development projects
India is the second largest shareholder in the AIIB