DBS Bank Partners With Aseem Infrastructure To Boost India’s Clean Energy Growth

DBS Bank, on Wednesday, said that it has completed its first External Commercial Borrowing (ECB) and green loan of USD 80 million with Aseem Infrastructure Finance Limited (AIFL) to provide funding for the development of clean energy projects.

As one of the world’s fastest-growing major economies, India’s energy demand is expected to increase significantly over the next decade, driven by rising urbanisation and industrial development. Renewable energy has been contributing an increasing share in the power mix, with installed capacity at ~ 220.10 GW as of March 31, 2025 (Ministry of New and Renewable Energy), in keeping with the national target of achieving 500 GW of non-fossil fuel energy capacity by 2030. Aseem Infrastructure Finance Limited (AIFL) is helping achieve this goal. They give out loans and financial support specifically for clean energy and infrastructure projects. But their focus is not just on giving money—they aim to build a sustainable future by supporting eco-friendly projects that fight climate change.

Managing Director and CEO of DBS Bank India, Rajat Verma, commented on the deal saying, “This maiden green loan is a milestone for AIFL, and DBS is proud to be a trusted partner in their journey as they support India’s transition to a decarbonised future."

As the sole sustainability coordinator of this USD 80 million transaction supporting renewable energy projects in India, DBS Bank provided structuring support grounded in internationally recognised sustainable finance principles. In 2024, Global Finance named DBS the Best Bank for Sustainable Finance – India, further underscoring the bank’s broader commitment to responsible banking.

CEO at Aseem Infrastructure Finance Virender Pankaj, said, “This maiden ECB transaction represents a pivotal step in our mission to drive sustainable development by harmonising economic growth with environmental responsibility. Facilitated by DBS Bank Ltd., this loan empowers us to channel investments into Renewable Energy projects, catalysing climate-positive infrastructure across India.”