Business Other News 25 Jun 2018 AIIB board okays $10 ...

AIIB board okays $100m investment

DECCAN CHRONICLE. | DECCAN CHRONICLE
Published Jun 25, 2018, 2:25 am IST
Updated Jun 25, 2018, 2:25 am IST
Piyush Goyal.
 Piyush Goyal.

MUMBAI: Finance minister Piyush Goyal on Sunday said that the government is really impressed with the progress made by Asian Infrastructure Investment Bank (AIIB) and informed that the board of AIIB has approved $100 million of investment in National Infrastructure Investment Fund (NIIF). 

“Earlier today, I had an opening meeting with the president of AIIB. I was also given the good news that today the AIIB Board has approved an investment in the NIIF, the first tranche of $100mn has got approved today, which will be followed by a similar tranche,” the minister said while addressing the media after inaugurating the India Infrastructure Expo 2018. 

The minister is in Mumbai to participate in the third annual meeting of AIIB. This is the first time that India is hosting the annual summit of AIIB, which will be addressed by Narendra Modi on Tuesday. 

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