Infrastructure needs make India hot spot for development banks

Of the total 26 projects that the AIIB has undertaken across Asia, so far India has generated most of the attention

India has become the main focus of the two newest players in multilateral developmental financing as they are gearing up to make their mark in the burgeoning infrastructure needs of the country.

Both the Brazil, Russia, India, China, South Africa (BRICS) nation group-backed New Development Bank (NDB) as well as the Asian Infrastructure Investment Bank (AIIB) are pumping in funds into India for financing critical ground level infrastructure projects across the country.

This focus on India may ensure that the AIIB board of governors will get a warm reception on Monday when they assemble for their third annual meet in Mumbai. 
 

The