The National Investment and Infrastructure Fund (NIIF) of India has signed an investment agreement worth $1 billion with Abu Dhabi Investment Authority (ADIA). The government has set up NIIF with the aim to attract investments from both domestic and international sources for infrastructure development in commercially viable projects.
As part of the comprehensive partnership agreement, ADIA will become the first institutional investor in NIIF’s Master Fund and a shareholder in National Investment and Infrastructure Limited, the NIIF’s investment management company.
Important Takeaways from Above News-
- Sujoy Bose is the CEO of NIIF.
Source- The Hindu Business Line