The ambitious National Investment and Infrastructure Fund (NIIF), which was set up in December 2015 to catalyse funding into the country’s core sector, has so far not made a single investment in any project. The NIIF has also not received a single penny till late last month from any overseas sovereign wealth fund or any international/domestic investors, despite the government having been in discussions with them for nearly one and half years now. The NIIF was set up with a targeted corpus of Rs 40,000 crore over the years— 49 per cent of this amount to be funded by the government and the remaining to be raised from domestic and global investors, including international pension funds, sovereign wealth funds, among others.

The ambitious National Investment and Infrastructure Fund (NIIF), which was set up in December 2015 to catalyse funding into the country’s core sector, has so far not made a single investment in any project. The NIIF has also not received a single penny till late last month from any overseas sovereign wealth fund or any international/domestic investors, despite the government having been in discussions with them for nearly one and half years now. The NIIF was set up with a targeted corpus of Rs 40,000 crore over the years— 49 per cent of this amount to be funded by the government and the remaining to be raised from domestic and global investors, including international pension funds, sovereign wealth funds, among others.