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NATIONAL INVESTMENT AND INFRASTRUCTURE FUND (About NIIF (India’s first…
NATIONAL INVESTMENT AND INFRASTRUCTURE FUND
About NIIF
India’s first sovereign wealth fund that seeks to create long-term value for domestic and international investors seeking investment in Greenfield, Brownfield and Stalled infrastructure projects
fund will invest only in commercially viable projects
registered with SEBI as a Category II Alternative Investment Fund with a planned corpus of Rs. 40,000 crore
It is a quasi-sovereign wealth fund, where 49 percent stake is with the Government and the rest held by marquee foreign and domestic investors such as Abu Dhabi Investment Authority, Temasek and HDFC Group
run as a professional body with a full time CEO. Governing Council headed by Finance Minister oversees the activities
Different Approaches adopted by NIIF
Investment through different types of funds
Master Fund
Fund of Funds
Strategic Fund
Monetization of assets
Tapping Sovereign Funds
Partnering with Abu Dhabi Investment Authority (ADIA) focused on ports, terminals, transportation and logistics businesses in India
India and the UK announced joint UK-India Fund, namely a Green Growth Equity Fund that aims to leverage private sector investment to invest in green infrastructure projects in India
Directly Investing in Infrastructure
Partnered with HDFC in an investment platform for mid-income and affordable housing in India
Acquired IDFC Infrastructure Finance Limited from IDFC
Significance of NIIF
implementation is being done by experts
will help move forward various stalled projects as well as greenfield projects
helps companies to reduce their outstanding loans, thus help reducing bank bad loans
overall stimulation of the economy
has adopted a different approach to go about its business and is advancing more aggressively than many such institutions created earlier like IFCI (1948), IDFC (1997) and even the currently troubled IL&FS set up in 1987