Hindustan Infralog, a joint venture between DP World and the National Investment and Infrastructure Fund (NIIF
), said Thursday that it had completed its acquisition of a 76 per cent stake in KRIBHCO Infrastructure, an integrated multi-modal logistics operator in India.
The fund's investment committee, which makes all investment decisions, is made up entirely of investment professionals, who (like the NIIF
's staff) are recruited mainly from the private sector.
is India's sovereign wealth fund , and has strong relationships with the UAE's investment agencies.
Mumbai: The AIIB announced an equity investment of $100 million in India`s National Investment & Infrastructure Fund (NIIF
) to help various development projects in this country.
Earlier this year it formed a strategic partnership with the National Investment and Infrastructure Fund (NIIF
), to invest up to $ 3 billion in brownfield container terminals, long term greenfield container concessions, Inland Container Depots (ICDs) and expansion of existing inter-modal rail services for rolling stock.
The final session of the two-day conference, 'Infrastructure: New Tides of Opportunity' was attended by Sujoy Bose, CEO, National Investment & Infrastructure Fund of India, NIIF
, who gave a keynote speech.
According to the JV, the purchase consideration is below 5% of DP World's net asset value as of FY20171 and it is the first investment of HIPL, the recently created investment vehicle between DP World and NIIF
to invest up to USD 3bn in ports, logistics and related sectors.
Last month, DP World and India's National Investment and Infrastructure Fund (NIIF
), announced the creation of a fund to invest up to $3 billion in the transport and logistics sectors in India.