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Asia Infrastructure Investment Bank Makes First Equity Investment

By Fran Wang
The Asian Infrastructure Investment Bank has approved its first equity investment, which will see $150 million being channeled to a fund focusing on infrastructure development in India. Above, a train departs from a station on the outskirts of New Delhi on Feb. 28. Photo: Visual China
The Asian Infrastructure Investment Bank has approved its first equity investment, which will see $150 million being channeled to a fund focusing on infrastructure development in India. Above, a train departs from a station on the outskirts of New Delhi on Feb. 28. Photo: Visual China

(Beijing) — The China-backed Asian Infrastructure Investment Bank (AIIB) has approved its first equity investment, which will see $150 million being channeled to a fund focusing on infrastructure development in India, the bank said.

The investment will be made in the India Infrastructure Fund, which aims to drive private capital to invest in infrastructure projects in the South Asian nation. The fund will in turn help finance companies that invest in energy, utilities, transportation, telecommunications and other infrastructure projects.

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