Talks on NIIF in Advance Stages
New Delhi: The government is in advance stages of talks with sovereign wealth funds for the National Investment and Infrastructure Fund (NIIF) and will also finalise the appointment of the fund’s CEO soon, economic affairs secretary Shaktikanta Das has said. “We should see some action on this front soon,” Das said at CII’s annual summit. Finance Minister Arun Jaitley had announced the setting up of NIIF in the budget of 2015-16 to finance the infrastructure sector.
Das said while various steps have been taken to improve about ease of doing business, and the implementation of the goods and service tax bill would make the biggest contribution to this exercise. “The administrative machinery is fully ready to roll out GST…we hope that the parliament will appreciate the urgency of this bill,” Das added.