NIIF, Abu Dhabi body ink $1-bn investment pact
16 Oct 2017 5:52 PM GMT
New Delhi: The National Investment and Infrastructure Fund (NIIF) of India on Monday said it has signed an investment agreement worth $1 billion with Abu Dhabi Investment Authority (ADIA).
The government has set up NIIF with the aim to attract investments from both domestic and international sources for infrastructure development in commercially viable projects.
"As part of the comprehensive partnership agreement, ADIA will become the first institutional investor in NIIF's Master Fund and a shareholder in National Investment and Infrastructure Limited, the NIIF's investment management company," the NIIF said in a statement.
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