FM asks AIIB to scale up investments in clean energy, infrastructure

India on Wednesday asked Beijing-based multilateral lending agency AIIB to scale up investments in priority areas like clean energy and infrastructure sector with a special focus on education and health.

Addressing the annual meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB), Finance Minister Nirmala Sitharaman said India has embarked on the path of a self-reliant economy and therefore has been successful in mitigating the negative effects of the pandemic.

As regards AIIB, she said, it needs to scale-up investments in key priority areas, including clean energy and energy efficiency, disaster resilient infrastructure, social infrastructure with a special focus on education and health, and digital infrastructure in order to ensure a meaningful impact is achieved and resources are not scattered in multiple areas.

As public resources alone are insufficient to meet the vast infrastructure needs of the members, she advised that the bank should not only .