NIIF managed fund invested in 16 entities covering ports and logistics, renewable energy, roads, digital infrastructure, healthcare and manufacturing among others

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..... NIIF managed fund invested in 16 entities covering ports and logistics, renewable energy, roads, digital infrastructure, healthcare and manufacturing among others - News and Press Release Dated:- 12-12-2022 - News - The National Investment and Infrastructure Fund (NIIF) is set up as a collaborative investment platform between Government of India, Global Investors, Multilateral Development Banks .....

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..... (MDB) and Domestic Financial Institutions. This was stated by Union Minister of State for Finance Dr Bhagwat Kisanrao Karad in a written reply to a question in Lok Sabha today. Giving more information, the Minister stated that NIIF currently has three funds namely Master Fund, Fund of Funds and Strategic Opportunities Fund that have invested in 16 entities covering ports and logistics, renewabl .....

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..... e energy, roads, digital infrastructure, healthcare and manufacturing among others. The Memorandum of Understanding (MOU) was signed in November 2022 to facilitate investment across multiple sectors in India through an India Japan Fund, the Minister stated. The Minister further stated that funds of NIIF have investments from:- i. Global investors such as Abu Dhabi Investment Authority (AD .....

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..... IA), AustralianSuper, Canada Pension Plan Investment Board (CPPIB), Ontario Teachers Pension Plan, PSP Investments, Temasek, US International Development Finance Corporation (US DFC) ii. MDBs such as Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB), New Development Bank (NDB) and iii. Domestic Financial Institutions such as Axis Bank, HDFC Asset Management Company, .....

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..... HDFC Life Insurance, HDFC Limited, ICICI Bank and Kotak Life Insurance. **** RM/PPG/KMN - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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