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European Bank for Reconstruction and Development (EBRD)
Solar pact and cooperation with Indian firms feature in EBRD's President's visit to New Delhi

November 7, 2017

A cooperation pact with the India-based International Solar Alliance (ISA) and a drive for closer ties with Indian companies featured high on the agenda of a trip to New Delhi this week by Sir Suma Chakrabarti, the President of the European Bank for Reconstruction and Development (EBRD).

The EBRD President also held meetings with Indian officials, including Finance Minister Arun Jaitley.

During a panel discussion at the Prabodhan Leaders' Conclave, entitled "Smart Cities: what can India learn and unlearn from Europe", he presented the Bank's work to modernise urban infrastructure in the 38 emerging economies where the EBRD invests.

India is not a member of the EBRD, but the EBRD has invested with a number of the top Indian companies in its countries of operations. The Bank is eager to step up the pace of joint investments.

On 2 November, the President signed a Memorandum of Understanding with the Federation of Indian Chambers of Commerce and Industry (FICCI) that will allow the two institutions to explore opportunities for cooperation in a number of areas.

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European Bank for Reconstruction and Development (EBRD)


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