GETTING INFRA OFF THE GROUND

THE NATIONAL INVESTMENT and Infrastructure Fund (NIIF) got a shot in the arm with the Abu Dhabi Investment Authority (ADIA) committing an investment of $1 billion. ADIA is the first institutional investor in NIIF's Master Fund and a shareholder in National Investment and Infrastructure Limited, the NIIF s investment management company. This is seen as part of the $75 billion investment programme announced by the UAE in August 2015 during a visit by Prime Minister Narendra Modi to Abu Dhabi. While that is in place, what India needs now is to identify infrastructure projects that have all clearances but only need financial closure. This could well be the catalyst to drive infrastructure investment in the country.