 "Ports,")
The National Investment and Infrastructure Fund (NIIF) announced its first investment, a partnership with UAE-based DP World for a platform to mobilise investment of $3 billion (Rs 200 billion) into ports, terminals, transportation, and logistics businesses in this country.
The platform will make equity investment to acquire assets and develop projects in the sector, DP World stated separately. The partnership follows an agreement signed in May 2017.
The first close of the NIIF Master Fund took place in mid-October, with contributions from a subsidiary of Abu Dhabi Investment Authority and four domestic institutional investors - HDFC Group, ICICI Bank, Kotak Mahindra
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