Union Minister of Railways and Coal Piyush Goyal on Sunday revealed that India was the second largest shareholder of the Asian Infrastructure Investment Bank (AIIB) and that almost a quarter of all funds committed by AIIB have been for Indian projects.
Speaking to the press at the inauguration of the India Infrastructure Expo ahead of the third annual meeting of the AIIB, he said, “India is the second largest shareholder of the AIIB. We are also the largest recipient of concessional finance for various infrastructure projects.”
“Nearly 25% of the total funds committed by AIIB have been committed for projects in India, both in the government sector and the private sector, which is a matter of great satisfaction,” he added. Read More
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