The fund is a co-owner of London's Regent Street and properties on the Champs-Elysees in Paris and Hudson Square in New York.
Govt hopes to raise at least Rs 1,000 crore by March-end through NIIFâ€”a quasi-sovereign wealth fundâ€”for funding commercially viable greenfield, brownfield and stalled projects
The move follows the government's move to authorise NHAI to monetise the public funded highway projects in August.
Minister of State for Finance Jayant Sinha said that government received over 80 applications and the names of candidates shortlisted after interview have been sent to Appointments Committee of the Cabinet (ACC) for approval.
The panel headed by Finance Minister Arun Jaitley on June 8 reviewed the progress of India's maiden sovereign wealth fund NIIF and discussed investment proposals and project pipeline in a bid to speed up development of the infrastructure sector
Robert Parker of Credit Suisse Asset Management sees another one or two moves by the US Federal Reserve this year
National Investment and Infrastructure Fund (NIIF) will fund projects that are "commercially viable", Economic Affairs Secretary Shaktikanta Das said while seeking support from various foreign funds from Canada, US, UK, Singapore and UAE.
China, the world's second largest economy, often uses undeclared trade sanctions to punish countries with which it has diplomatic differences. But Beijing is careful not to hurt its own economy in the process, and inbound foreign investment is not usually affected.
According to The Economic Times, the finance ministry is planning to take the wrong road to CAD nirvana. It wants to take up the foreign exchange reserves from around USD 250 billion now to nearly USD 300 billion by December-end, largely by borrowings.
The Sovereign Wealth Fund (SWF) has been discussed several times in the past is now back on the table because government officials believe that India as a sovereign should acquire assets abroad especially in coal, oil and gold space.
The Department of Fertiliser has proposed setting up of a sovereign wealth fund for the acquisition of mineral assets abroad, reports CNBC-TV18.
Lou Jiwei, chairman of China's sovereign wealth fund, was attending Party School in Beijing this week, and was forced to miss the big investment conference his organisation, China Investment Corp, hosted in the Shangri-La Hotel in Hong Kong on Monday.
The Industry Ministry today pitched for setting up of sovereign wealth fund for infrastructure financing, which requires an estimated Rs 45 lakh crore (USD 1 trillion) in the next five years.
The Planning Commission wants India to set up a sovereign wealth fund with an initial corpus of USD 10 billion, mainly to invest in energy and mining assets abroad.
India is considering setting up a sovereign wealth fund with more than USD 10 billion in assets to buy energy assets abroad to feed growing domestic demand, senior government officials told Reuters on Wednesday.
Oman Investment Fund (OIF), a sovereign wealth fund owned by the Oman government, and a hedge fund have agreed to buy part of the National Stock Exchange's (NSE) stake in the National Commodity & Derivatives Exchange (NCDEX) in a deal that would value the bourse at Rs 700 crore, The Economic Times reported on Monday.
In a move to comply with the comprehensive economic co-operation agreement (CECA), the Securities and Exchange Board of India is considering exempting sovereign wealth funds (SWFs) from the 10% foreign institutional investment (FII) ceiling.