The proposed Rs.20,000-crore
National Investment and Infrastructure Fund (NIIF) will function as a
sovereign wealth fund like Singapore’s Temasek and operate at ‘arm’s
length’ from the government, Minister of State for Finance Jayant Sinha
said on Friday July 31,2015
National Investment and Infrastructure Fund (NIIF) is a fund created for enhancing infrastructure financing in the country. NIIF, proposed to be set up as a Trust, would raise debt to invest in the equity of infrastructure finance companies such as Indian Rail Finance Corporation(IRFC) and National Housing Bank(NHB)
NIIF creation was announced in the 2015-16 Union Budget
To be operational by December 2015,NIIF will primarily focus on fund infusion in infrastructure projects -Greenfield,Brownfield and Stalled ones
NIIF will be based in Mumbai and will operate at arm's length from the Union Govt
Union Govt's Equity in NIIF is limited to 49% and the balance to be held by large business groups as well as provident fund,endowment and sovereign wealth funds
National Investment and Infrastructure Fund (NIIF) is a fund created for enhancing infrastructure financing in the country. NIIF, proposed to be set up as a Trust, would raise debt to invest in the equity of infrastructure finance companies such as Indian Rail Finance Corporation(IRFC) and National Housing Bank(NHB)
NIIF creation was announced in the 2015-16 Union Budget
To be operational by December 2015,NIIF will primarily focus on fund infusion in infrastructure projects -Greenfield,Brownfield and Stalled ones
NIIF will be based in Mumbai and will operate at arm's length from the Union Govt
Union Govt's Equity in NIIF is limited to 49% and the balance to be held by large business groups as well as provident fund,endowment and sovereign wealth funds
To
be operational by the year end, NIIF will primarily focus on fund
infusion in infrastructure projects -- greenfield, brownfield and the
stalled ones
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