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NIIF's first investment: A $3 bn fund for logistics biz with UAE's DP World

Will invest in sea and river ports, freight corridors, port-led SEZs, inland container terminals, cold storage

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Ports,

BS Reporter New Delhi
The government’s National Investment and Infrastructure Fund (NIIF) said on Monday that it has partnered with UAE-based DP World to create an investment platform for ports, terminals, transportation and logistics businesses in India.

The platform will explore investment avenues in the ports sector, going beyond sea ports into areas such as river ports and transportation. It will also invest in freight corridors, port-led special economic zones, inland container terminals, and logistics infrastructure including cold storage, an official statement said.

“The platform will invest up to $3 billion (about Rs 195 billion) of equity to acquire assets and develop

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