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India is looking forward to investments in 9 more projects from Asian Infrastructure Investment Bank

in Business June 25, 2018 Comments Off on India is looking forward to investments in 9 more projects from Asian Infrastructure Investment Bank 719 Views

Newdelhi:25/6/18;The Union Minister for Railways,Coal, Finance and Corporate Affairs,Shri Piyush Goyal said that India is looking forward to investments in 9 more projects from Asian Infrastructure Investment Bank after having picked up almost 28% of the bank’s total lending so far of US$1.4 billion for 7 projects. The Finance Minister, Shri Goyal was addressing a Press Conference today on the sidelines of the Third Annual Meeting of the Asian Infrastructure Investment Bank (AIIB) which began in Mumbai today. Welcoming delegates from 86 countries, Shri Goyal pointed-out that in just three short years, India has hosted three major events for international multilateral banks; the New Development Bank (NDB), African Development Bank (ADB) and now the Asian Infrastructure Investment Bank (AIIB) in quick succession.

Lauding AIIB for its robust processes, Shri Goyal said that it is a matter of great pride that a concept that was floated in 2014 was able to mature in 6-7 months, and by 2015 we had a Multilateral Development Bank in place with India being the second largest stakeholder with over 8% stake.’

By 2022, the Government as part of the Prime Minister’s plan will ensure every citizen to have shelter on his head, 24×7 electricity, good toilet, clean drinking water, access by road to his house and internet connectivity, he said. Industries Department, Government of Maharashtra is the nodal Department, Maharashtra Industrial Development Corporation (MIDC), Government of Maharashtra is the nodal agency, Confederation of Indian Industry (CII) is the Professional Conference Organiser (PCO), Research and Information Systems for Developing Countries (RIS) is the knowledge partner, for the third Annual Meeting of AIIB.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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