19.11.2015 - Expect UAE Sovereign Fund to Invest in India Soon, says Jaitley
The sovereign wealth fund of the United Arab Emirates should start investing in India soon, Finance Minister Arun Jaitley told Reuters on a visit to Dubai to drum up interest in Asia's third-largest economy. The first investment in India could be into India's national infrastructure fund, Mr Jaitley said in an interview, adding that the government would put legal structures and tax predictability in place to attract sovereign wealth funds. ADIA's first investment in India could be with the National Investment and Infrastructure Fund, set up in August with a mandate to co-invest with strategic partners and own 49% of projects............................................Full Article: Source
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