Guwahati, 26 February (PTI) European Investment Bank is expecting to double its cumulative commitment to the Indian market to reach the Euro 10 billion in the next 6-7 years as it is looking for unused areas, on Wednesday The top official said that a top official said on Wednesday. ,
Speaking to PTI at the Advantage Assam 2.0 Business Summit, Michael Steidal, the manager of the European Investment Bank, said that he said that projects in Assam’s tea, oil and infrastructure areas to expand their portfolio in the coming period. Has started watching.
“Our cumulative commitment to India since we started operations in 1993 are Euro 5.5 billion. This will continue in the next 2-3 years, ”he said.
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Steidal said the bank would sign projects with 600 million financing options during the current year.
He said that these new finance would be in urban mobility, water treatment plants and green hydrogen from both government and private sectors.
Asked about the company’s future approach, Steid said, “We are looking at a cumulative property of Euro 10 billion over the next 6-7 years period.” He said that 90 percent of the ongoing projects are related to climate and the future roadmap will also be with the same lines.
Talking about Assam, Sidal said that there is no risk of bank in the Northeast at present, but now it is actively entering the field in this field.
“The European Union Ambassador asked us to find out the area. We are looking at two areas. The first has a high-ended value chain in Assam that has a relationship with European consumers such as tea and oil, ”he said.
The second region of EIB is the infrastructure projects with connectivity within India and neighboring countries, said Steidal.
“Connectivity can occur in roads, electricity and exports,” he said. PTI TR NN
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