India is the second largest shareholder of the Asian Infrastructure Investment Bank. And it is also the biggest loan recipient, with a quarter of the AIIB's approved projects geared towards the country's development. CGTN's Ravinder Bawa has this story.

In the last two years phase one of Bangalore Metro Rail project has become the lifeline of the city. Two lines covering a distance of 42 kilometres are carrying 400,000 Bangaloreans daily.

Looking at the success of phase one metro rail authorities are in an expansion mode. The work on phase 2 to cater to another million people has begun. The second phase will be 72 kilometres long with two new lines and four extensions of the existing corridors. For this a multilateral bank Asia Infrastructure Investment Bank or (AIIB) has come forward to give them a loan of 335-million dollar loan.

S. VASUDEVAN, CHIEF FINANCIAL OFFICER BANGALORE METRO RAIL CORPORATION LIMITED "This project is helping in reducing the road traffic. And is also helping cut down the pollution in the city. It will generate more employment both direct and indirect for citizens and it creates economic opportunities for citizens of India."

From Roads to Rails the AIIB has invested more than 2 billion dollars in nine projects in India so far. To create jobs for an increasing population India is scaling up infrastructure and India is benefiting from a multilateral bank like AIIB to do so. Experts say the bank is geared up to the challenges of 21st century and good news for emerging economies.

ABHIJIT MUKHOPADHYAY ECONOMIST, DELHI "This is a broader manifestation of the fact that the economic dynamics or the economic momentum is gradually shifting from north Atlantic economic zones as once the shift economic prosperity, economic momentum, economic development whichever way you portray towards a new region that region will come up with new institutions."

In India, the bank now wants to focus on investment in water supply, sanitation and urban development and logistics.

The pressure on the bank is to keep up with its high environmental ambitions and fund green projects among others. Ravinder Bawa, CGTN, Delhi.