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  1. NIIF in MoU with Qatar sovereign wealth fund

NIIF in MoU with Qatar sovereign wealth fund

After Abu Dhabi Investment Authority, another sovereign wealth fund from West Asia, the Qatar Investment Authority (QIA), has showed interest in India’s National Investment and Infrastructure Fund (NIIF).

By: | New Delhi | Published: June 10, 2016 6:57 AM

After Abu Dhabi Investment Authority, another sovereign wealth fund from West Asia, the Qatar Investment Authority (QIA), has showed interest in India’s National Investment and Infrastructure Fund (NIIF).

During Prime Minister Narendra Modi’s visit to the Gulf country on June 5, the NIIF entered into a memorandum of understanding (MoU) with QIA, Qatar’s sovereign wealth fund, to facilitate it to study investment opportunities in the infrastructure sector in India.

“It will remain in effect for 12 months during which period, both parties will discuss and agree on the terms, principles and criteria for such investments,” the finance ministry said in a statement. fe Bureau

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