‘Strong investment for roads, power sector’

NEW DELHI: National Investment and Infrastructure Fund (NIIF), India’s first sovereign fund to promote infra development, on Friday assured Finance Minister Arun Jaitley of strong investment pipeline for the roads, ports, aviation and power sectors.

The governing council expressed its desire for NIIF to function as a major platform in India to leverage and attract overseas long-term investments in various infrastructure sectors in the country, it said, adding that it is considering investments in third party managed funds focused on clean energy, affordable housing and medium sized infrastructure firms.

Reviewing the performance of the NIIF on Friday, Jaitley said there is a steady progress on fund-raising efforts with several international institutional investors. It also informed that the council was following-up on MoUs signed by the government. The first fund-raising by NIIF is expected to close soon, the finance ministry said in a statement.

The Council wants NIIF to function as a major platform in India to leverage and attract overseas long-term investments in various infrastructure sectors in the country.

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