India To Invest $1 Billion In Asia Bond Fund

India has confirmed that it will invest $1 billion in the Asia Bond Fund (ABF), according to an official from the Kingdom of Thailand.

The official is part of the 100-member delegation that is visiting India. The team is headed by Korn Dabbanrransi, Deputy Prime Minister, Kingdom of Thailand.

Speaking to media persons on the sidelines of the CII Round Table on Information Technology in Bangalore on Friday, the official said Prime Minister Atal Behari Vajpayee and the foreign ministry had confirmed India