Finance Minister Nirmala Sitharaman called on multilateral development banks to reduce investment risks and attract larger private capital flows across BRICS economies.

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• Nirmala Sitharaman made the remarks at a Jaipur seminar discussing the New Development Bank’s role in mobilising private capital.
• She said multilateral development banks can reduce investment risks, improve project viability and strengthen investor confidence across BRICS member economies.
• Sitharaman highlighted India’s sustained public capital expenditure and structural reforms that have strengthened infrastructure development during the past decade.
• Public investment has supported national infrastructure including highways, railways, ports, logistics networks, digital systems and energy infrastructure across India.
• She highlighted Union Budget 2026-27 measures including dedicated freight corridors, high-speed rail corridors, national waterways and coastal cargo promotion initiatives.
• Sitharaman said public investment should encourage private participation rather than replace it, creating stronger opportunities for long-term infrastructure financing.
• She stressed that predictable policies, economic stability and credible long-term frameworks are essential for attracting sustained private-sector investment across BRICS economies.