| How much can Rs 20,000 crore be leveraged to raise more equity? Through an appropriate yet conservative structure, say experts, about 10 times or roughly Rs 2 lakh crore. Sprinkle it a bit thin, and it could be multiplied to over Rs 4 lakh crore. That is the kind of multiplier structure that the Narendra Modi-led NDA government is plotting through the National Infrastructure Investment Fund (NIIF), to obtain the maximum bang out what it can spare from its budget resources, realising that India's infrastructure development needs more equity or risk capital.
Announced in the budget for FY16 by finance minister Arun Jaitley, the NIIF has been in the works for a while."We have been working on this for almost a year now. As part of that exercise, we have spoken to all the global experts of all the major consulting companies, all the major investment banks," said minister of state for finance Jayant Sinha...............................................Full Article: Source
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