India´s Niif and Qatar investment authority sign MOU to boost infra investments
The Indian National Investment and Infrastructure Fund (NIIF) and Qatar Investment Authority (QIA) have signed a Memorandum of Understanding (MoU) to boost infrastructure investment in India. It has been signed during the visit of Prime Minister Narendra Modi to Doha.
The MoU, which has been signed for a period of one year, aims to facilitate QIA to study investment opportunities and to enable both sides to decide on joint investments in the infrastructure sector in India.
NIIF is India’s first Rs400 (US$5.95 billion) billion sovereign wealth fund. It has been set up to provide long-term capital for infrastructure projects. Additionally, it aims to attract investment in infrastructure projects, both greenfield and brownfield.
According to sources, India's Finance Ministry stated:
"The MoU has been signed for a period of one year during which period both parties will discuss and agree on the terms, principles, criteria for such investments. The NIIF shall share with QIA a pipeline of investment opportunities available in the infrastructure sector in India,"
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