China-backed AIIB commits $150 million for India infrastructure fund

China-backed AIIB commits $150 million for India infrastructure fund

The China and India-backed Asian Infrastructure Investment Bank (AIIB) on Thursday announced its first equity investment, a $150 million commitment to a fund aimed at pushing infrastructure projects in India.

The Beijing-based bank, a multilateral institution set up last year, that has China and India as its biggest shareholders, approved at its board of directors meeting in South Korea on Thursday, the equity investment and two loans for projects in Georgia and Tajikistan. Read More…

 

 

 

Credit By: India Today

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