Prime Minister Narendra Modi said, Asian Infrastructure Investment Bank, AIIB should focus on development of infrastructure like rail, road and ports with a view to promoting connectivity and growth in the Asian region. During the meeting with President-designate of the AIIB, Jin Liqun yesterday in New Delhi, Mr. Modi said the newly-created financial institution need to focus on roads, rail and ports for enhancing regional connectivity, creating climate-resilient infrastructure and clean energy initiatives for sustainable development. He said, focus on infrastructure would also enhance the economic development and lift millions of people out of the life of impoverishment.Assuring India's full support to AIIB, the Prime Minister said, the multilateral institution, along with the BRICS New Development Bank, would play an instrumental role in development of infrastructure in the Asia region. The Beijing-based multi-lateral lender is scheduled to commence operations later in this month. The 100-billion US Dollars development bank was formally set up in Beijing on 25th December.
News On AIR | January 12, 2016 9:59 AM
PM wants AIIB to focus on infra, connectivity in Asian region