| In what could give a leg-up to the country’s efforts to find the elusive equity capital for its mammoth plans for infrastructure creation, at least four global sovereign wealth funds including the Abu Dhabi Investment Authority (ADIA), Singapore’s Temasek and Russian Direct Investment Fund have evinced interest in its National Infrastructure and Investment Fund.
The NIIF, to be set up with an initial corpus of Rs 40,000 crore, including half that from the government which will remain a minority partner, is expected to catalyse financing of infrastructure projects, by leveraging the same multiple times...............................................Full Article: Source
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