PM Modi chairs Global Investor Roundtable Conference

On November 5, 2020, Prime Minsiter Narendra Modi chaired the Global Investor Roundtable Conference. The conference witnessed the participation of twenty of the world largest Sovereign Wealth Funds and pension. These participants owned total assets of more than 6 billion USD.

The main focus of discussion at the conference was about the vision of GoI in becoming a 5 trillion USD economy.

Key Highlights

The conference was organised by National Investment and Infrastructure Fund and Ministry of Finance. It provided a common platform for the decision makers and investors from Financial Market Regulators and Government of India. The investors from major economic regions of the world such as Europe, US, Japan, Australia, Singapore and the Middle East participated in the conference. There were several organisations that interacted for the first time with the Government of India.

Outcomes

The participants of the conference believed that GoI should give priority to Artificial Intelligence. The initiatives of GoI such as Startup India and India AI will help India achieve success in Artificial Intelligence.

Significance

The Conference provided an opportunity to all the stakeholders to solidify partnerships and foster engagement with global investors.

National Investment and Infrastructure Fund

The fund was set up in 2015. It was set up as a sovereign wealth fund and is registered with Securities and Exchange Board of India (SEBI). The main objective of NIIF is to raise funds, provide advisory services, service the investors of the fund, invest in corpus created by Asset Management Companies.

Types of NIIF

Master Fund

These funds were founded for well established enterprises that are operating in a regulated environment.

Fund of Funds

These funds aim at investing in funds that are managed by renowned managers. It allows the fund managers to accumulate more funds. It also includes Joint ventures.

Strategic Funds

These are equity related instruments that are registered as alternative funds under SEBI.

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