he China-backed Asian Infrastructure Investment Bank (AIIB) said on Thursday it has approved two loans and one equity investment worth $324 million across Georgia, Tajikistan and India.
The bank's first ever equity investment of $150 million aims to help attract private capital for infrastructure projects in India, the AIIB said in an emailed statement.
"Approving our first equity investment is another milestone for the Bank and will enhance our potential to source and fund high quality, private sector projects," said D.J. Pandian, AIIB Vice President, in the statement.
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