NIIF makes its First Investment

E-commerce firms to invest up to $8 billion in infra, logisticsBy Accommodation Times Bureau

NEW DELHI

National Investment and Infrastructure Fund (NIIF) has partnered with DP World to create an investment platform for ports, terminals, transportation and logistics businesses in India. NIIF has made its First investment today, the finance ministry said.

The platform will invest in opportunities in the ports sector, and beyond seaports into areas such as river ports and transportation, freight corridors, port-led special economic zones, inland container terminals, and logistics infrastructure including cold storage, the release stated.

Subhash Chandra Garg, Secretary, Department of Economic Affairs (DEA), Ministry of Finance said, “NIIF, set-up to function as a major platform in India for attracting foreign investments, has made good progress. We are pleased to learn of NIIF’s first investment to create an investment platform in the ports and logistics sector. Following its First Close in October 2017 on the fund-raising side, and now with its first investment, NIIF is making visible progress.’’





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