NIIF and Qatar Investment Authority inks MoU to boost infrastructure investments
The National Investment and Infrastructure Fund (NIIF) has signed a MoU with Qatar Investment Authority (QIA) for facilitating investment in India’s infrastructure.
Objective of MoU: Facilitate QIA to study investment opportunities in India’s infrastructure sector in order to enable both sides to decide on joint investments.
The MoU has been signed for a period of one year during which both signatory parties will discuss and agree on the terms, criteri, principles for investments.
Under it, the NIIF with share a pipeline of investment opportunities available in the infrastructure sector in India with QIA.
It should be noted that NIIF has signed similar agreement with the United Arab Emirates (UAE) in February 2016 to mobilize investments into the Indian infrastructure sector.
Qatar Investment Authority: It is the sovereign wealth fund of Qatar which deploys a wide range of investment strategies and invests through a carefully selected network of top-tier fund managers.
National Investment and Infrastructure Fund: It is India’s first 40,000-crore rupees sovereign wealth fund, aimed to attract investment in infrastructure sector development in commercially viable projects, both brownfield and greenfield including stalled projects.
Month: Current Affairs - June, 2016