The National Investment and Infrastructure Fund (NIIF) has signed a Memorandum of Understanding (MoU) with Qatar Investment Authority (QIA) . The MoU is to facilitate investment in India’s infrastructure. This is with a view to attract investments from Qatar. The MoU was signed during the visit of Prime MinisterNarendra Modi to Doha. The objective of the MoU is to facilitate QIA to study invest-ment opportunities in the infrastructure sector in India, in order to enable both sides to decide on joint investments. 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.
NIIF, India’s first Rs 40,000-crore sovereign wealth fund, aims to attract investment in infrastructure development in commercially viable projects, both greenfield and brownfield, including stalled projects. QIA is the sovereign wealth fund of Qatar. The fund deploys a wide range of investment strategies and invests through a carefully selected network of top-tier fund managers.