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Time of India
an hour ago
- Business
- Time of India
Building a Robust Pipeline of Indian Projects to Fund: AIIB
New Delhi: The Asian Infrastructure Investment Bank (AIIB) is looking to expand its India footprint and widen its pipeline of both sovereign and private sector projects to fund, said Ajay Bhushan Pandey, vice president (investment solutions) at the Beijing-based multilateral lender. It's focussing on sectors, including clean energy, green mobility, affordable housing, data centre and other digital infrastructure, he said. India is the largest recipient of AIIB funds and accounts for a fifth of the lender's $60 billion financing since inception nine years ago, Pandey said. Of the $12 billion that Indian projects have received so far, the private sector's share stands at $1.8 billion, he added. The lender, Pandey said, aims to expand its overall annual financing target to about $17 billion in 3-4 years from $10 billion now. This will leave greater funding space for India and other countries. The AIIB has 110 members. India is the second-biggest shareholder with a 7.57% voting share in the multilateral bank, trailing China that has 26.52%. AIIB is willing to play its role not just as a financier but also as a catalyst for governments and private players to raise funds using the backing of the multilateral bank that has an AAA rating. Plus, its participation in a project, including the private ones, can potentially encourage other lenders and investors to join in, significantly bolstering the availability of finances for the project. India focus Pandey and his team are meeting various government functionaries and private players during their India visit. The AIIB, Pandey said, will work with various ministries to create a very sound pipeline of sovereign projects. "Similarly, we will work with private sector players to create the pipeline of the projects where we can finance through all the options that are available," he added. Pandey is scheduled to meet senior officials from the ministry of health later on Tuesday and those from the power ministry on Wednesday. He huddled with the water resources secretary on Monday and a number of issues, including the revival of dams, interlinking of rivers and the Namami Gange programme (meant for curbing pollution and rejuvenating the Ganga), were discussed. He will meet Maharashtra chief minister Devendra Fadnavis and senior state officials to discuss infrastructure projects in both public and private sectors.
Mint
13 hours ago
- Business
- Mint
AIIB in talks with India on sovereign infrastructure project pipeline
New Delhi: Beijing-based Asian Infrastructure Investment Bank (AIIB), in which India is the second largest shareholder after China, is holding discussions with the Central and state governments as well as Indian industry to finance a robust pipeline of sovereign and private sector projects, AIIB vice president Ajay Bhushan Pandey said on Tuesday. The development bank is working towards stepping up annual project financing from about $10 billion last fiscal to $17 billion over the next few years. Pandey, who is on a visit to India, said AIIB finances projects not only in traditional infrastructure, but also in digital public infrastructure, data centres, digital communication, affordable housing, health and education. AIIB already has deployed $12 billion in India, of which $1.8 billion is in the private sector. It has a loan book of about $60 billion and is aiming to step this up. 'We will closely engage with government of India, the state governments and the private sector in India,' Pandey, who had previously served as India's finance secretary and as the chairperson of audit regulator National Financial Reporting Authority (NFRA), told reporters on the sidelines of an interaction with industry leaders organized by the Federation of Indian Chambers of Commerce and Industry (FICCI). 'We will work with all line-ministries to create a very sound pipeline of sovereign projects. Similarly, we will work with private sector players to create the pipeline of the projects where we can finance through all the options that are available". Pandey explained that AIIB's message to the Central ministries and state governments is this, 'This is your bank and you must make optimum use of the resources available.' 'Yesterday we had a detailed meeting with the secretary, Department of Economic Affairs, and secretary, Department of Water Resources, River Development and Ganga Rejuvenation on the water sector, including revival of many dams, the Namami Gange project and the inter-linking of rivers. We are going to have discussions with the ministries of health and power and then with the Honourable chief minister Maharashtra and state officials to discuss building a pipeline of infrastructure projects both in public andprivatesector,' said Pandey. Besides China and India, the other leading shareholders in the banks set up a decade ago are Russia, Germany and South Korea. The multilateral bank with 110 member-nations is making a strong foray into development financing as emerging economies need to invest heavily for development, especially to transition to less-carbon intensive economies. According to a Deloitte India report released earlier this month, titled 'The climate response: Tapping into India's climate and energy transition opportunity,'India would require a $1.5-trillion investment by 2030 across key areas to address the climate challenge at scale. The investments will be driven by India's efforts towards renewable energy, biofuels, decarbonization and sustainable infrastructure to combat climate change, the report said. In 2021, India committed to achieving net zero emission by 2070.
Time of India
15 hours ago
- Business
- Time of India
AIIB building a robust pipeline of Indian projects to fund: Vice-president Pandey
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The Asian Infrastructure Investment Bank ( AIIB ) is looking to expand its India footprint and widen its pipeline of both sovereign and private sector projects to fund, said Ajay Bhushan Pandey , vice president (investment solutions) at the Beijing-based multilateral focussing on sectors, including clean energy, green mobility, affordable housing, data centre and other digital infrastructure, he is the largest recipient of AIIB funds and accounts for a fifth of the lender's $60 billion financing since inception nine years ago, Pandey said. Of the $12 billion that Indian projects have received so far, the private sector's share stands at $1.8 billion, he lender, Pandey said, aims to expand its overall annual financing target to about $17 billion in 3-4 years from $10 billion now. This will leave greater funding space for India and other AIIB has 110 members. India is the second-biggest shareholder with a 7.57% voting share in the multilateral bank, trailing China that has 26.52%.AIIB is willing to play its role not just as a financier but also as a catalyst for governments and private players to raise funds using the backing of the multilateral bank that has an AAA its participation in a project, including the private ones, can potentially encourage other lenders and investors to join in, significantly bolstering the availability of finances for the and his team are meeting various government functionaries and private players during their India AIIB will work with various ministries to create a very sound pipeline of sovereign projects, Pandey said. 'Similarly, we will work with private sector players to create the pipeline of the projects where we can finance through all the options that are available," he is scheduled to meet senior officials from the ministry of health later on Tuesday and those from the power ministry on Wednesday. He huddled with the water resources secretary on Monday and a number of issues, including the revival of dams, interlinking of rivers and the Namami Gange programme (meant for curbing pollution and rejuvenating the Ganga), were will meet Maharashtra chief minister Devendra Fadnavis and senior state officials to discuss infrastructure projects in both public and private sectors.
News18
16 hours ago
- Business
- News18
AIIB aims to ramp up annual lending to USD 17 bn in 3-4 years
New Delhi, Jul 29 (PTI) AIIB vice president (investment solutions) Ajay Bhushan Pandey on Tuesday said the multilateral development bank is looking to scale up average annual lending to USD 17-18 billion in the next 3-4 years in view of growing demand for infrastructure development. Currently, annual funding done by Asian Infrastructure Investment Bank (AIIB) is around USD 10 billion. The Beijing-based lender has so far provided loans worth USD 12 billion to India. Out of that, he said, AIIB has provided USD 1.8 billion to the private sector so far. Speaking about the pipeline for sovereign funding, Pandey said, AIIB is having a series of meetings with various line ministries to create a pipeline of sovereign projects. 'Our message to the ministries and state governments is this: this is your bank and you must make optimum use of the resources available," he said at an event organised by Ficci here. On Monday, he said, 'we had a detailed meeting with the Secretary, Department of Economic Affairs, and Secretary, Department of Water Resources, River Development and Ganga Rejuvenation on the water sector, including revival of many dams, the Namami Gange project and the inter-linking of rivers." Besides, he said, 'we are going to have discussions with the ministries of health and power and then with the chief minister of Maharashtra and state officials to discuss building a pipeline of infrastructure projects both in public and private sector." As far as the private sector is concerned, he said, renewal energy, green energy, green mobility and affordable housing are the focus areas for funding. 'We are also open to funding digital infrastructure like data centres, digital communication or innovative projects like AI and semiconductor," he said. Observing that India has doubled capital expenditure but the need is much higher, Pandey said, the country would need investment of about USD 1.5 trillion in infrastructure development as per an estimate. This huge investment requirement cannot be met by the government alone, but there is a need to tap several sources including private sector, sovereign wealth fund, pension fund etc, he said. Participation of a multilateral development banks like AIIB helps in de-risking any infra project, he said, adding, the selection process is very stringent and basis the selection, other financial firms also pitch in with their fund. Given AIIB's thrust on the private sector, he said, the bank aims to gradually raise financing to the private sector to 50 per cent of total finance by 2030. PTI DP HVA view comments First Published: July 29, 2025, 17:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Hindustan Times
a day ago
- Health
- Hindustan Times
Real-time surveillance begins at 2 more STPs in Greater Noida
GREATER NOIDA: The Greater Noida authority has installed Online Continuous Monitoring Systems (OCMS) at two more sewage treatment plants (STPs) in Ecotech-2 and Ecotech-3 for real-time surveillance and better wastewater management and environmental compliance, officials said on Monday. The OCMS technology enables real-time tracking of key pollution parameters like Biochemical Oxygen Demand (BOD), Chemical Oxygen Demand (COD), and other indicators before and after sewage treatment. (HT Photos) The OCMS technology enables real-time tracking of key pollution parameters like Biochemical Oxygen Demand (BOD), Chemical Oxygen Demand (COD), and other indicators before and after sewage treatment, they added. 'The system was first introduced at the 2 MLD Badalpur STP, and within a month, has been extended to the 15 million litres per day (MLD) plant in Ecotech-2 and the 20 MLD plant in Ecotech-3,' said additional chief executive officer (ADCEO) Prerna Singh. To be sure, the initiative is part of the Namami Gange programme that mandates online monitoring of all STPs to ensure proper treatment of sewage and discharge of compliant effluent into water bodies. As per the central government's Namami Gange flagship programme that mandates online monitoring of all STPs, Greater Noida authority's chief executive officer NG Ravi Kumar instructed the concerned department to prioritise implementation of OCMS across all STPs in the region, Singh added. The only major STP now left without this system is a 137 MLD capacity plant at Kasna that is expected to be equipped with OCMS within a month, said officials. Meanwhile, the data collected by OCMS will be accessible not only to the authority's sewerage department but also to the Uttar Pradesh Pollution Control Board (UPPCB) and the National Mission for Clean Ganga (NMCG), who can monitor operations remotely from their offices, they said. 'We are working on a plan to equip all STPs with online monitoring systems and Kasna STP is next. The move will help ensure improved operations and quality control,' she added. The system enables up to six users—officials from the authority, contractors, UPPCB, and Namami Gange officials—to access real-time data through laptops or mobile devices. The estimated cost of installing OCMS at each STP is around ₹30 lakh, fully borne by the authority, said senior manager (sewerage department, Greater Noida authority) Vinod Sharma. Beyond compliance, the authority is also exploring the utility of treated water. Currently, the water obtained after treatment is used for irrigation and construction purposes. Officials said that talks are underway between the authority and National Thermal Power Corporation to use this water for thermal power generation as well. Officials said that citizens or contractors interested in using treated water for irrigation or construction can obtain it at a nominal rate of ₹7 per kilolitre by contacting the sewerage department on 9211825118. The initiative comes as part of Greater Noida authority's broader strategy to modernise wastewater treatment infrastructure. The authority is working to transition to advanced technologies to enhance treatment efficiency and meet stricter discharge norms, HT had reported on July 26. The integration of OCMS is viewed as a complementary step towards ensuring transparency, accountability, and long-term sustainability in sewage management, officials said.
