First investment for NIIF

Recently a Dubai-based marine firm DP World has partnered with NIIF to create an investment platform for ports, terminals, transportation and logistics businesses in India. National Investment and Infrastructure Fund (NIIF) is set up to function as a major platform in India for attracting foreign investments to fund stalled infra projects.

The NIIF is being operationalized by establishing three Alternative Investment Funds (AIFs) under the SEBI Regulations.

The proposed corpus of NIIF is Rs. 40,000 Crores (around USD 6 Billion).
GOI’s contribution to the AIFs under the NIIF scheme shall be 49% of the total commitment.
NIIF has a mandate to solicit equity participation from strategic anchor partners, like overseas sovereign/quasi-sovereign/multilateral/bilateral investors.

Source: ET

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