India-Qatar investment MoU
National Investment and Infrastructure Fund (NIIF) Ltd and Qatar Investment Authority (QIA) have signed a Memorandum of Understanding (MoU) for facilitating Investment from Qatar in the Indian infrastructure sector.
The MoU was signed during Prime Minister Narendra Modi’s visit to Doha June 4-5, 2016, said the Press Information Bureau.
The MoU is to facilitate QIA to study investment opportunities in India’s infrastructure sector and develop a framework for exchange of information to enable both sides to decide on joint investments.
It will remain in effect for 12 months during which period, both parties will discuss and agree on the terms, principles, criteria for such investments.
The NIIF will share with QIA a pipeline of investment opportunities available in the infrastructure sector in India
QIA is the sovereign wealth fund of Qatar and a long-term investor with majority of investments outside Qatar. The fund deploys a wide range of investment strategies and invests through a carefully selected network of top-tier fund managers.
The Government had earlier approved the creation of NIIF to attract investment from both domestic and international sources for maximizing economic impact mainly through infrastructure development in commercially viable projects, both greenfield and brownfield, including stalled projects. fii-news.com
