The finance ministry is planning to set up a fund under the National Investment and Infrastructure Fund (NIIF) dedicated for strategic investments. Earlier this year, the NIIF kick started its funding activity with global operator of marine and inland terminals DP World by creating a platform for investing up to USD 3 billion in ports and logistics. The government has allocated Rs.1,000 cr. budgetary support to the NIIF which will be leveraged to raise Rs.8,000 cr. from strategic anchor partners, namely multilateral and bilateral institutions, sovereign wealth funds, pension funds and domestic public sector enterprises. The NIIF is being operationalized by establishing three Alternative Investment Funds (AIFs) under the Sebi Regulations.

(Financial Express)