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Finance Minister participates in the First Annual General Meeting of Asian Infrastructure Investment Bank (AIIB) at Beijing China yesterday; Addressing Board of Governors

News and Press Release - Dated:- 27-6-2016 - Session of AIIB, FM said that India has a huge unmet demand for investment in infrastructure and is preparing basket of projects worth US$ 2-3 billion for AIIB funding in the areas of Urban Development (including Smart Cities), Energy, Urban Transport, Railways, Inland Waterways and Water Supply; Finance Minister offers India s support in establishment of a Regional Office of AIIB in New Delhi The Union Finance Minister Shri ArunJaitley, participated .....

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egion remains the growth engine for the world. Notwithstanding the global headwinds, however, India continues to maintain a high growth rate at 7.6% in 2015-16 compared to 7.2% in the previous year, Shri Jaitley added. Outlining India s development paradigm, the Finance Minister Shri Jaitley said that India has undertaken reforms in FDI and initiated large investments in rural infrastructure, national highway, inland waterways, shipping, power sector and smart cities etc. Speaking on the role of .....

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