AIIB Eyes $20 Billion Lending Surge in India by 2028

The Asian Infrastructure Investment Bank (AIIB) is poised to significantly boost its lending to India, aiming to escalate its investment from USD 12 billion to a staggering USD 20 billion within the next five years, a senior official announced.

Ajay Bhushan Pandey, AIIB's Vice President for Investment Solutions, stated that the bank is encouraging potential borrowers in India to compile a list of suitable projects. India, a significant player in AIIB's USD 60 billion portfolio, stands to gain heavily from this initiative.

Pandey highlighted that AIIB could co-lend with National Bank for Financing Infrastructure and Development (NaBFID) and provide long-term financing solutions, despite any geopolitical challenges. This strategic push comes as India ramps up infrastructure investment efforts across various sectors.

(With inputs from agencies.)