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Sitharaman urges AIIB to invest in renewable energy in India
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IANS | 18 Nov, 2022
Finance
Minister Nirmala Sitharaman on Friday urged the Asian Infrastructure
Investment Bank (AIIB) to scale up investments and mobilise private
finance in India's key priority areas like renewable energy, energy
efficiency and climate smart technologies.
She made this request to AIIB President Jin Liqun, who met her earlier in the day.
Sitharaman
met Liqun in her capacity as the Governor of the second largest
shareholder of the bank. Both discussed the ongoing and proposed issues
of relevance to the AIIB and India, official sources said.
As
India is the largest client of the AIIB, the Finance Minister reiterated
during the meeting that it should think of setting up a regional
presence in India to facilitate dialogue and outreach to project
authorities, sources added.
While appreciating the AIIB's growing
portfolio in India, Sitharaman suggested that it should shore up
investments in key areas like renewable energy and climate technologies.
Earlier
on October 26, the Finance Minister had attended the 7th annual meeting
of the Board of Governors of the AIIB, where it was decided that the
bank will ramp up investments in priority areas for India like clean
energy and infrastructure sector with a special focus on education and
health.
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