Asian Infrastructure Investment Bank (AIIB), a multilateral development bank has committed USD 150 million to invest in the development of data centres that mostly serve emerging Asia. This project is being AIIB’s 1st data centre project. India is a key founding member of AIIB. AIIB’s investment of USD 100 million through a parallel fund structure and USD 50 million through co-investments mark the final close of KDCF II, a development fund making strategic investments in the fast-growing data center sector with a focus on the Asia Pacific.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The project is aligned with AIIB’s thematic priorities of Connectivity and Regional Cooperation, Green Infrastructure and Private Capital Mobilization. It will also support Alpha in developing climate finance monitoring indicators, incorporating the joint MDB methodology for tracking climate finance and an Environmental and Social Management System at the Fund level. This partnership benefits AIIB’s geographical diversification given the diverse pipeline covering Southeast Asia and East Asia, among other regions across Asia Pacific.
Important takeaways for all competitive exams:
Uttar Pradesh has been declared as the best performing state for mission Karmayogi, a nationwide…
The Indian grandmasters made a good impression at the European Chess Club Cup 2026 in…
The comeback of cricket to the Olympic Games in 2028 at Los Angeles is shaping…
The 2026 Princess of Asturias Award for Sports was conferred upon Argentinian footballer Lionel Messi…
The Assam Cabinet has recommended a national-level award in honor of the late Bharat Ratna…
The Indian theoretical physicist, Ashoke Sen, has been honored with the Oskar Klein Medal 2026,…