AIIB to Double Private-Sector Lending by 2030

The Asian Infrastructure Investment Bank (AIIB) wants to increase its private-sector financing share to 50 percent from the current 24.6 percent and is also looking to jack up its overall lending to $17-18 billion over the next few years, Ajay Bhushan Pandey, AIIB's vice-president, Investment Solution, said on Tuesday.

- Ruchika Chitravanshi

Since its inception, the multilateral bank has lent almost $12 billion to India, of which $1.8 trillion has gone to the private sector.

AIIB would be working with both the government and the private sector in India to create a pipeline of projects for the next few years.

"The infrastructure funding gap is huge, and no government or state can meet this gap alone," Pandey said on the sidelines of a Federation of Indian Chambers of Commerce and Industry (FICCI) event. AIIB's focus in the private sector is on areas such as renewables, green energy, green mobility, and affordable housing.