New Delhi, Oct. 16 -- The European Investment Bank (EIB) is stepping up its presence in India's green transition, using its capital and expertise to plug financing gaps in clean energy, sustainable transport and water infrastructure, top official at the multilateral financial agency told Mint on Thursday. The broad aim is to make lives better, more sustainable and inclusive.

By investing in the country's green funds and projects from metro systems to battery storage, the EU's lending arm aims to accelerate India's 2070 net-zero journey, while crowding in private capital and creating employment, EIB's vice-president Nicola Beer said in an email interview.

"In areas like battery storage, electric vehicles, and the circular economy, the EI...