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