Original disclosure @ AIIB website
Updated in EWS May 10, 2023
Disclosed by Bank May 23, 2017
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According to AIIB documents:
"The objective of the Fund is to mobilize more private sector capital into infrastructure sectors, and increase infrastructure investment in India. These investments will include operating companies and new ventures. The platform could also consider investments into other commercially viable investments within the broader strategy of the Fund...
Sector specific platform companies will be the primary investment vehicles of the Fund. For each sector of interest, the Fund will create a platform company in partnership with a limited number of financial investors. Operating expertise will be sought either through the inclusion of an operating partner or through a management team backed by NIIF and other partners...
The Fund will exclusively invest in India and intends to operate mostly through scalable platform companies that will target infrastructure assets primarily in the following sectors: roads, ports, airports, power (generation, transmission, distribution), urban infrastructure, and logistics..."
The target fund size is $2,100 USD million. The estimated AIIB investment is $200 USD million.
Asian Infrastructure Investment Bank (AIIB):
Mr. Kishlaya Misra
Project Team Leader
B-9 Financial Street, Xicheng District, Beijing, P.R. China 100033
Phone: +86 10 8358 0208
National Investment and Infrastructure Fund (NIIF)
Mr. Anand Unnikrishnan
Head – Fund of Funds
National Investment and Infrastructure Fund Limited
4th Floor, UTI Tower, GN Block, Bandra Kurla Complex, Bandra East, Mumbai, India 400051
Phone: +91 22 6264 6628
ACCOUNTABILITY MECHANISM OF AIIB
The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides “an opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIB’s failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.” Two or more project-affected people can file a complaint. Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply. You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html.
The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html.