IslamicFinance.de

Islamic Development Bank president Bandar Hajjar said the bank was exploring joint opportunities with other multilateral development banks to invest in India’s infrastructure sector. India plans to invest as much as ?5.97 trillion in creating and upgrading infrastructure in the current financial year. The National Democratic Alliance (NDA) government is setting in play a new integrated infrastructure programme that involves building of roads, railways, waterways and airports. For this, India has sought project financing totalling $2.4 billion from the Asian Infrastructure Investment Bank (AIIB). Also, the Asian bank will invest $200 million in India’s National Investment and Infrastructure Fund (NIIF).