Finance Minister Arun Jaitley meets the AIIB Annual Meeting at Beijing

Finance Minister Arun Jaitley is on his five-day visit to China, today participated in the First Board of Governors’ Meeting of Asian Infrastructure Investment Bank (AIIB) in Beijing.

Speaking at AIIB Board of Governors meeting in Beijing Arun Jaitley said that, India which has undertaken massive infrastructure development programme will decide on which of the projects should be referred to AIIB funding depending on the availability of finances.

During his stay in Beijing, the finance minister will hold talks with Chinese investors and bankers to seek investment in India, Finance Ministry said.

The Beijing-based AIIB was officially established last year with authorised capital of $100 billion in which India and 56 other countries joined as founding members.