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National Investment and Infra Fund
July 10 , 2019
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- National Highways Authority of India (NHAI) signed an MoU with National Investment and Infrastructure Fund (NIIF) for funding highway projects.
- NIIF is an investor-owned fund manager.
- It was set up in December 2016 with a planned corpus of ₹40,000 crore.
- The purpose of NIIF is to provide long-term capital to the country’s infrastructure sector.
- The Indian government has 49 % stake in NIIF with the rest held by marquee foreign and domestic investors.
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