Germany's KfW Bank plans to finance India's marquee 10K EV bus plans
Mint Mumbai|November 20, 2023
Germany’s state-owned development bank KfW is in discussions with New Delhi to finance India’s ambitious electric mobility scheme. In August, the Union cabinet approved a ₹57,613-crore scheme to introduce 10,000 electric buses in 169 cities.
Shashank Mattoo
Germany's KfW Bank plans to finance India's marquee 10K EV bus plans

KfW, which has extended financial support to high-profile metro projects in India, has held talks with the government, including the ministry of housing and urban affairs, on extending support to the project. The German bank has been working in India since 1958.

India will provide ₹20,000 crore for the scheme, which will be implemented as a public private partnership and aim to improve urban bus services.

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