Abu Dhabi wealth fund keen on NIIF

By: | Published: November 18, 2015 12:38 AM

The Abu Dhabi Investment Authority (ADIA), world’s second largest wealth fund...

The Abu Dhabi Investment Authority (ADIA), world’s second largest wealth fund, is keen to invest in India’s quasi-sovereign National Infrastructure and Investment Fund (NIIF), which aims to maximise economic impact by augmenting financing of infrastructure projects in the country.

This was communicated to finance minister Arun Jaitley, who is on a two day visit to the oil-rich UAE, by ADIA’s managing director Sheikh Hamed Bin Jayed Al Nahyan, during talks between the two on NIIF, finance ministry said in a statement. ADIA officials will be visiting India on November 19 to discuss its possible participation in the NIIF

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