| The first meeting of the governing council of National Investment and Infrastructure Fund (NIIF) was held on Tuesday, wherein it was decided to appoint a chief executive officer for the fund by January-end and rope in several sovereign and pension funds to invest in it. In the meeting, possible infrastructure projects that could be taken up by the fund were discussed, finance minister Arun Jaitley said adding that sovereign funds and pension funds from UAE, Singapore, UK and Russia have shown interest to invest in NIIF.
“Several sovereign funds and pension funds across the world have expressed their willingness to participate and cooperate in various manners with the NIIF so the progress with regard to the suggestions which have come from UAE, Singapore, UK and Russia were discussed,” Jaitley told reporters after the meeting...............................................Full Article: Source
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