India and UK announce Infrastructure Financing Bridge
- September 12, 2023
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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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.