Friday, 16 June 2017

Indian Trade/Banking

China-led Asian Infrastructure Investment Bank has approved $150 million equity investment loan to the India Infrastructure Fund, the bank’s first such loan to fund private projects.

The bank, in which India is a lead partner, has approved two loans and one equity investment totalling $324 million to support infrastructure projects in India, Georgia and Tajikistan.
The AIIB was officially established in 2016 with 57 founding members.
With authorised capital of $100 billion, China is the largest shareholder with 26. 06 per cent voting shares.
India is the second largest shareholder with 7. 5 per cent followed by Russia 5. 93 per cent and Germany with 4. 5 per cent.

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