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Maharashtra hosts Asian infrastructure bank Expo held at Mumbai while Gujarat and Chattisgarh governments are partner states

India is the largest recipient of concessionaire finance from the Shanghai based Asian Infrastructure Investment bank for various infrastructure projects both in public and private sector Railway Minister Piyush Goyal said. India is also the second largest shareholder of the bank.

He said over 25 per cent of the total funds committed are meant for projects in India. The bank has matured in a short period of time and is rapidly progressing to become one of the most important infrastructure financiers across the world

 Mr Goyal who was inaugurating the India infrastructure expo 2018 in Mumbai last week said a very strong management team with robust management practices has been put in place by the bank.

The two day Expo is being organized by the Department of Economic Affairs, Ministry of Finance, Government of India, in partnership with the Federation of Indian Chambers of Commerce & Industry (FICCI) on the sidelines of the 3rd Annual Meeting of the Asian Infrastructure Investment Bank (AIIB) at NCPA, Mumbai from 25th to 26th June 2018.

.Mr Goyal said he had a meeting with the President of the bank and he had expressed satisfaction that India has shown lot of enthusiasm and had put up very good proposals for funding by the bank.

There are 86 countries which are members of AIIB who are participating. Over 3,000 delegates have already come on board, and I am told the number is growing by the minute”.

The Exposition offers companies from the Public and Private Sector to showcase their latest solutions, technologies and offerings in the realm of infrastructure project development and delivery. Participating companies will also highlight their capabilities and key projects delivered over time for information of all delegates. Several State Governments and Central Ministries will also be showcasing investment opportunities for financial investors from across the world.

 The Exposition is having state of the art digital display and offers participants ample avenues to network and have business meetings with potential partners and investors.

 The highlight of the Exposition is the Oil & Gas Pavilion which has participation of leading Public Sector Companies who are showcasing the upcoming projects in their respective areas of operation.

Some of the key flagship programs that are showcased at this Exposition include Smart Cities, Sagarmala, Bharatmala, Ganga Rejuvenation Plan and the River Linking project. Details on the modernisation plans of the Railways sector in India will also be of interest to the delegates.

 The BJP ruled states of Chhattisgarh and Gujarat are the partner States to the Exposition while the Government of Maharashtra is the host State to the Exposition.

 Over 50 organisations are participating in the Exposition including leading entities such as IL&FS, Essel Infrastructure, GAIL, JSPL, Wapcos, HPCL, BPCL, NHAI, MMRDA, MIDC, CIDCO, IREDA, ONGC, Indian Oil, EIL and IIFCL.

 

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