National infra fund gets a move on

The UAE, through its sovereign fund, the Abu Dhabi Investment Authority, will invest in the NIIF

Jyoti Mukul & Megha Manchanda  |  New Delhi 

After much delay in the formation of the National Investment and Infrastructure Fund, a beginning is set to be made with India holding last-mile discussions with the United Arab Emirates (UAE) and Qatar. Some half a dozen road projects are likely to be put on offer to the NIIF in the first lot. The UAE, through its sovereign fund, the Abu Dhabi Investment Authority (ADIA), will invest in the NIIF. "Talks with the UAE are nearing finalisation. A team from the NIIF had recently visited Abu Dhabi. After the UAE, Qatar is likely to subscribe to the fund," said a senior ...

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National infra fund gets a move on

The UAE, through its sovereign fund, the Abu Dhabi Investment Authority, will invest in the NIIF

After much delay in the formation of the National Investment and Infrastructure Fund, a beginning is set to be made with India holding last-mile discussions with the United Arab Emirates (UAE) and Qatar. Some half a dozen road projects are likely to be put on offer to the NIIF in the first lot.The UAE, through its sovereign fund, the Abu Dhabi Investment Authority (ADIA), will invest in the NIIF. "Talks with the UAE are nearing finalisation. A team from the NIIF had recently visited Abu Dhabi. After the UAE, Qatar is likely to subscribe to the fund," said a senior government official.The setting up of the NIIF was delayed because the ADIA had insisted on a non-government company structure for it. Since now the NIIF is in place with Sujoy Bose, former director and global co-head, infrastructure and natural resources, International Finance Corporation, as its chief executive officer, the formal subscription to the fund is expected to happen soon.The ministry of road transport has ... After much delay in the formation of the National Investment and Infrastructure Fund, a beginning is set to be made with India holding last-mile discussions with the United Arab Emirates (UAE) and Qatar. Some half a dozen road projects are likely to be put on offer to the NIIF in the first lot. The UAE, through its sovereign fund, the Abu Dhabi Investment Authority (ADIA), will invest in the NIIF. "Talks with the UAE are nearing finalisation. A team from the NIIF had recently visited Abu Dhabi. After the UAE, Qatar is likely to subscribe to the fund," said a senior ... image
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