NIIF fixes projects on funding radar

    National Investment and Infrastructure Fund
    Two years after its inception, the National Investment and Infrastructure Fund is close to signing deals thereby giving final shape to finance infra projects in core sector, negotiations currently are in full swing with private sector players to take the lead in the NIIF, said official sources, claiming that the government has been in talks with a large number of sovereign and pension funds for investments in the NIIF and deals with player in Abu Dhabi and another from Temasek in Singapore – are about to be finalized. Prior to this, the NIIF issued a request for proposal for fund manager for the proposed UK-India Green Growth Equity Fund that would channelize private investments into green infrastructure projects in the country, especially from the UK as the two countries will anchor-invest up to £120 million each in the private equity fund that will target around £500 million initially. “Once the funding is finalised, a pipeline of projects will be readied and the NIIF will decide on where to lend. It is open to financing projects in all infrastructure sectors as the intent is to begin lending at the earliest.
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