ADB announces 100 million US Dollars funding for Indian infrastructure sector

Multilateral institution Asian Development Bank (ADB) yesterday announced a 100 million US Dollars funding for the Indian infrastructure sector through the government-promoted National Investment and Infrastructure Fund-NIIF.   The Manila-based body will be investing in NIIF, tranche of funds, which will ensure that the actual money invested will be a few times more than the 100 million dollars. NIIF's Chief Executive Sujoy Bose said that the ADB's commitment to NIIF fund durin...