MUMBAI: India’s US$4.9bil quasi-sovereign wealth fund is seeking to double its assets under management to US$10bil within the next 30 months, fuelled by surging demand for urban infrastructure in the world’s fastest-growing major economy.
The National Investment and Infrastructure Fund (NIIF), backed by the Indian government alongside global investors such as Temasek Holdings Pte, Abu Dhabi Investment Authority and AustralianSuper Pty, is capitalising on a big funding gap in the sector, according to Vinod Giri, managing partner for its infrastructure fund.
