NEW DELHI :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.
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…
