AIIB approves $150 million for India Infrastructure Fund

Posted on:16 Jun 2017 09:36:43
AIIB approves $150 million for India Infrastructure Fund
16 June 2017 Current Affairs:

  • China-led Asian Infrastructure Investment Bank (AIIB) approved $150 million equity investment loan to the India Infrastructure Fund.

  • The $150 million investment would go the India Infrastructure Fund (IIF)

  • The Infrastructure Fund aims to invest in mid-cap infrastructure companies in India.

  • AIIB is a multilateral development bank backed by China and is seen as a rival to the World Bank and Asian Development Bank (ADB).


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