Business Standard

Sunday, December 22, 2024 | 08:12 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Australia's largest investment funds plan entry into India, meet NIIF

These funds collectively manage assets worth Rs 38 trillion, see scope in India despite Covid

NIIF
Premium

Australia’s high commissioner Barry O’Farrell AO said that despite the Covid-19 pandemic, there are real opportunities for investors in India

Indivjal Dhasmana New Delhi
Australia’s largest investment funds, collectively managing assets of more than A$736 billion (Rs 38 trillion) on Thursday met National Investment and Infrastructure Fund (NIIF) on Thursday to explore investment opportunities in India.

The virtual delegation included several of Australia’s largest superannuation (pension) funds and the Future Fund, Australia’s independently managed sovereign wealth fund.

Australia’s high commissioner Barry O’Farrell AO said that despite the Covid-19 pandemic, there are real opportunities for investors in India.

“In responding to the economic challenges of Covid-19, we have seen India adopt fundamental reforms that have opened up its sectors to new investment,” O’Farrell said.

ALSO READ: 

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in