NIIF-QIA pact to help study infra funding options: FinMin
The National Investment and Infrastructure Fund (NIIF) had entered into a memorandum of understanding (MoU) with the Qatar Investment Authority (QIA) on June 5 during the visit of Prime Minister Narendra Modi to Doha.
“The objective of the MoU is to facilitate QIA to study investment opportunities in the infrastructure sector in India and develop a framework for exchange of information with regard to such investment opportunities in order to enable both sides to decide on joint investments,” a ministry statement said.
The MoU will remain in effect for 12 months during which both NIIF and QIA will discuss and agree on terms, principles and criteria for such investments. “NIIF shall share with QIA a pipeline of investment opportunities available in the infrastructure sector in India,” it added. Set up in December 2015, the Rs 40,000-crore NIIF will act as an investment vehicle for funding commercially viable greenfield, brownfield and stalled projects.