The EU-owned European Investment Bank (EIB) is planning to open its first office in India to significantly expand its operations.
The bank has already started negotiations with the Reserve Bank of India to facilitate low cost funding to various infrastructure projects as well as to small and medium enterprise in India.
“We want to expand our operations in India. We are planning to set up the office in New Delhi,” Patrick Walsh, Director of Global Partners at the EIB.
The European Investment Bank is owned by the 28 EU member countries