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PM Modi addresses 3rd annual meeting of Asian Infrastructure Investment Bank

The theme for this year’s meeting is “Mobilizing Finance for Infrastructure: Innovation and Collaboration.”

The Board of Directors of AIIB approved an equity investment of 100 million US dollars in India’s National Investment and Infrastructure Fund, NIIF. AIIB is considering a further investment of 100 million US Dollars. 

AIIB Vice President and Chief Investment Officer D.J. Pandian said bank’s investment in the NIIF reflects its commitment to support the Government of India in its efforts to promote investment in infrastructure sector and to mobilize private capital for development. 

Some of the sectors of focus include Green Infrastructure, Mid-Income & Affordable Housing, Infrastructure services and allied sectors. 

NIIF, anchored by the Government of India, is a collaborative investment platform for international and domestic investors that are keen on investing in commercially viable Indian infrastructure projects.

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