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India seeks $2 billion funding from New Development Bank

India seeks $2 billion funding from New Development Bank

Saturday, April 1, 2017, 4:16 PM

India is seeking $2 billion in funding from the New Development Bank for infrastructure projects and wants the multilateral agency to be nimble footed in disbursing faster loans, Finance Minister Arun Jaitley said today. He said India has a huge unmet need for infrastructure investment, estimated at about Rs 43 lakh crore (about $646 billion) over the next five years.
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