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Following the first meeting of the National Investment and Infrastructure Fund, Finance Minister Arun Jaitley on Tuesday said proposals of participation, including by major sovereign funds across the world, were being considered for forming the corpus of the Rs.40,000-crore fund. While the government will contribute Rs.20,000 crore to the fund, another Rs.20,000 crore is expected to come from private investors. The union cabinet in July approved the creation of the NIIF with a corpus of Rs.20,000 crore for development of infrastructure projects, including the stalled ones. Here are the top 5 points Arun Jaitley made: (PTI)
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1. "Several sovereign and pension funds across the world have expressed their interest in participating in the NIIF," Arun Jaitley said. (PTI)
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2. "We will meet again in March to review the progress on each of these funds that intends to invest in NIIF," Arun Jaitley said. (PTI)
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3. "The appointment of a CEO for the fund is being done and it has been advertised both locally and abroad. We hope to complete the process of appointment in the next few weeks," Arun Jaitley said. (PTI)
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