Abu Dhabi Investment Authority to invest $1 bn in NIIF
The Dollar Business Bureau In order to mobilise funds into the India’s infrastructure sector, the first investment agreement signed on Monday between National Investment and Infrastructure Fund (NIIF) Master Fund and a fully-owned subsidiary of Abu Dhabi Investment Authority (ADIA). For this, ADIA will do an investment of $1 billion in the NIIF. “As a part of the agreement, ADIA will become the first institutional investor in NIIF’s Master Fund and a shareholder in the NIIF’s investment management Company,” according to a statement from Ministry of Finance. Along with ADIA and Government of India, six Domestic Institutional Investors (DIIs) including HDFC Asset Management Company Ltd, HDFC Standard Life Insurance Company Ltd, Housing Development Finance Corporation Ltd, Kotak Mahindra Old Mutual Life Insurance Limited, ...
India, UAE ink 9 pacts to boost trade and investment
India is looking to tap into UAEs nearly $800-billion sovereign wealth fund which is currently under the Abu Dhabi Investment Authority (ADIA) The Dollar Business Bureau Prime Minister Narendra Modi and the Crown Prince of Abu Dhabi, His Highness Sheikh Mohammed Bin Zayed Al Nahyan during the exchange MoUs, at Hyderabad House, in New Delhi on Thursday India and the United Arab Emirates, the Gulfs economic powerhouse and New Delhis third largest trading partner, signed nine key agreements in areas ranging from renewable energy, cyber security and space cooperation to infrastructure investment and currency exchange. Earlier this week, Prime Minister Narendra Modi held bilateral meetings with the visiting Crown Prince of Abu Dhabi Sheikh Mohamed Bin Zayed Al Nahyan in New Delhi and ...
PM's trip to UAE to focus on energy trade, investment
The Dollar Business Bureau Prime Minister Narendra Modi’s visit to the United Arab Emirates (UAE) beginning Sunday is expected to focus on enhancing energy trade and adding investment through Foreign Direct Investment (FDI). The Prime Minister will be in UAE on August 16-17. Modi will be the first Indian prime minister to visit the country in more than three decades. “During my visit, I seek to enhance cooperation in energy, trade and will talk to investors on why India is an attractive destination to invest. I am certain my visit will boost people-to-people ties between our nations,” Modi said in a statement on Thursday. At present, the bilateral trade between India and UAE is around $60 billion. Experts believe that the ...
