The National Investment and Infrastructure Fund (NIIF) will soon be closing its very first major deal with Abu Dhabi Investment Authority who will be approximately investing $5-10 billon in several sectors, with their main focus on transport. The agreement is expected to be signed in the coming weeks, according to reports. In February of the preceding year, the government had signed an MoU with UAE to mobilise approximately $75 billion for NIIF.
The industrial policy statement of July 24, 1991, set the notes on which the elephant learnt to dance. Manmohan Singh´s reform Budget scrapped industrial licensing and the requirement to get clearance from the Monopolies and Restrictive Trade Practices Commission
With extensive international experience in the infrastructure sector including experience in raising funds from international investors, Sujoy Bose has been recently appointed by the government to head the National Investment and Infrastructure Fund (NIIF).