Sitharaman chairs meeting of NIIF's governing council

New Delhi: Finance Minister Nirmala Sitharaman on Tuesday chaired the governing council meeting of the National Investment and Infrastructure Fund (NIIF).

The NIIF is a fund manager that invests in infrastructure and related sectors in the country.

"Finance Minister Smt. @nsitharaman chaired the Governing Council meeting of National Investment and Infrastructure Fund (NIIF) in North Block today. Minister of State for Finance and Corporate Affairs Shri @ianuragthakur was also present," the finance ministry said in a tweet on Tuesday.

The NIIF is operationalised by establishing three alternative investment funds (AIFs) under the Sebi regulations. The proposed corpus of NIIF is Rs 40,000 crore (around

$6 billion).