03.02.2016 - SWFs, pension funds keen to invest in NIIF
The sovereign wealth funds of Singapore, Canada, Russia and Qatar along with several pension funds are said to be keen on participating in the National Investment and Infrastructure Fund, underscoring the growing interest in India as an investment destination with the global economy facing new headwinds. Draft memoranda of understanding (MoUs) have been exchanged between NIIF and a number of funds, said two persons aware of the development. These could be finalised and signed soon after approvals are obtained. Singapore's Temasek and GIC are said to be among those looking at investing in the fund...............................................Full Article: Source
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