Sovereign wealth funds Current Affairs, GK & News

The NIIF of India signed a pact worth $1 billion with Abu Dhabi Investment Authority (ADIA)

The National Investment and Infrastructure Fund (NIIF) of India has signed an investment agreement worth $1 billion with a wholly owned unit of the Abu Dhabi Investment Authority (ADIA). As part of the partnership agreement, ADIA will become the first institutional investor in NIIF’s Master Fund and a shareholder in NIIF’s investment management company. The ..

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Indian Companies can now acquire assets abroad

Recently the cabinet approved a policy to enable profit making state-run firms to acquire assets oversees. The new policy also seeks to enhance the power of Maharatna and Navartna companies and provide greater autonomy for acquiring raw material assets abroad. The government will also consider setting up a dedicated Sovereign Wealth Fund to acquire assets ..

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