The final decision could be announced as early as this month
Critics inside and outside the government complain that NIIF - which handles about $4.3 billion in assets - lacks vision, decisiveness and the ability to win over investors
Only NIIF has so far stayed the course as a viable infrastructure financing institution, using sovereign support
For India's maiden Rs 40,000 crore sovereign wealth fund
Bose is currently global co-head of infrastructure and natural resources at International Finance Corporation