India becomes the 69th shareholder of European development bank

India was today formally announced as the 69th shareholder of the European Bank for Reconstruction and Development EBRD paving the way for more joint investment with Indian companies across the bank’s regions of operation. The Indian government had applied for EBRD membership in December 2017. The EBRD board of governors, which represents all the existing shareholders, voted unanimously in favour of the country’s application in March 2018. The EBRD is also working closely with leading Indian organizations, such as FICCI, the Confederation of Indian Industry CII the Associated Chambers of Commerce & Industry of India ASSOCHAM and the International Solar Alliance ISA.

  • India becomes the 69th shareholder of European development bank.
  • The Indian government had applied for EBRD membership in December 2017.
  • The EBRD board of governors, which represents all the existing shareholders, voted unanimously in favour of the country’s application in March 2018.
  • The EBRD is also working closely with leading Indian organizations.