AIIB and AIIB support for India

India preparing project; funding by AIIB

• India prepareing projects with the help of AIIB
• This will support south Asia's demand for infrastructure
• The projects in India, which were being identified, were in the areas of urban development, including smart cities, urban transport, energy, inland waterways and water supply

Asian Infrastructure Investment Bank

• Aims to support the building of infrastructure in the Asia-Pacific region
• The bank has 57 Signatories
• The bank started operation after the agreement entered into force on 25 December 2015

Head quarters : Beijing

Structure of the Bank

The bank has a three tier structure

1. Board of Governors : The Board of Governors consists of one Governor and one Alternate Governor appointed by each member country
2. Board of Directors 
3. Senior Management : President and Vice President

• The capital of $100 billion initially credited by the member nation, among 50 % share by China.
• India in the second after China

Major power who is not a member

United States

• Expressed concern whether AIIB have high standard of governance
• Disappointed when Britain joined
• Use diplomatic power by preventing allies like  Australia from joining

Japan

• Japan does not need to join

Recently AIIB seeks cooperation and new members

• Plans to corporate with other members and add new members including Hong Kong
• Intends to invest $1,2 billion aiming to meet international standard of governance
• China will reduce the share as new members joins.

Partnership

• Three co financed project and one single project
• Co financed with World Bank, Asian Development Bank, European Bank for Reconstruction and Development
•  Co financed projects are

1. Slums in Indonesia
2. Highway construction in Pakistan 
3. Border road improvement Tajakistan

• The fourth project is Power Grid upgradation in Bangladesh