GET­TING IN­FRA OFF THE GROUND

Business Today - - THE BUZZ FOCUS - -Anup Ja­yaram

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.

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