MoU between India & UAE to mobilize long term Investment

25th March, 2016

MoU between India & UAE to mobilize long term investment

The MoU will help establish a transparent and high-level framework and collaboration platform under which both countries intend to explore ways to facilitate and expand the participation of UAE's investment institutions in appropriate infrastructure projects and institutions in India including NIIF, in a manner consistent with the established investment criteria and standards in a mutually agreed manner.

The Cabinet approved the creation of the National Investment and Infrastructure Fund (NIIF) in July, 2015. 

The NIIF has already been established as a Category II Alternate Investment Funds (AIF) as per the regulations of the Securities and Exchange Board of India (SEBI).