India and UK announce Infrastructure Financing Bridge

Subject: IR

Section: Groupings

Key Points:

India and UK on Monday announced the launch of the Infrastructure Financing Bridge during 12th Economic and Financial Dialogue (EFD),
EFD is a collaborative initiative which signifies the continuing commitment of both nations to work in close cooperation towards unlock substantial infrastructure investment opportunities in India.
The UK-India Infrastructure Financing Bridge (UKIIFB), is a collaborative initiative led jointly by Niti Aayog and the City of London.
The primary objective of this collaboration is aimed at unlocking infrastructure investment and leveraging the City of London’s expertise in structuring and phasing major infrastructure projects.
This partnership seeks to secure long-term investment for vital infrastructure sectors in India.
UKIIFB Stakeholders will seek to jointly build a diverse investment and financing system that is long-term, stable and sustainable with manageable risks, it added
The collaboration is committed to sustainable/infrastructure development, prioritising environmentally friendly projects that are aligned with the core principles of the Sustainable Development Goals.