| The proposed $3.2 billion (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.
To be operational by the year end, NIIF will primarily focus on fund infusion in infrastructure projects — greenfield, brownfield and the stalled ones. “It will be a commercially oriented enterprise and will be located in Mumbai and operate at arm’s length from government,” Sinha said...............................................Full Article: Source
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