Through our financing, we act as a catalyst to attract the funding needed to meet the UN’s Sustainable Development Goals for 2030. In Asia, we have chosen to focus our lending on climate action across all sectors. We also work to include gender equality in our projects, ensuring that women, men, girls and boys can benefit from projects equally and equitably.
Ensuring urban mobility in India’s big cities
India’s rapidly growing population and increased economic development are straining the country’s transport systems and posing serious environmental challenges. For the past three years, the Bank’s financing has changed the way millions of people move – and breathe – in some of India’s most heavily populated cities.
- Lucknow: A €450 million loan from the EIB is expected to increase the share of public transport services from 10% to 27% by 2030
- Pune: A €600 million loan will support the construction of two metro lines, which include 31 kilometres of tracks and 30 stations
- Bangalore: A €500 million EIB loan for the new metro line is expected to cut travel times for some journeys from two hours a day to just 15 minutes
- Bhopal: A €400 million loan for the new metro lines in the city of Bhopal will increase employment opportunities for 1.8 million people in the city
Support for climate action
The EIB supports India in delivering its commitments under the Paris Climate Agreement, creating a partnership on climate action that benefits India, the EU and the entire world.
The EIB also supports the country’s international initiatives, such as the activities of the International Solar Alliance. The alliance promotes efficient exploitation of solar energy and works to reduce dependence on fossil fuels for its 121 members, countries which lie either completely or partly between the Tropic of Cancer and the Tropic of Capricorn.
To date, the EIB has invested €658.1 million for climate action-related projects in India in cooperation with local promoters such as Exim Bank, SREI and ICI.
Support for SMEs in India
The European Investment Bank supports small and medium enterprises and mid-cap companies in India with close to €300 million. Financing for SMEs is extended through local partners such as State Bank of India and Exim Bank.