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Indian Economy

Virtual Global Investor Roundtable

  • 06 Nov 2020
  • 4 min read

Why in News

Recently, the Prime Minister has chaired the Virtual Global Investor Roundtable (VGIR), with an aim to attract investment into the country.

Key Points

  • Virtual Global Investor Roundtable: It is an exclusive dialogue between leading global institutional investors, Indian business leaders and the highest decision-makers from the Government of India and Financial Market Regulators.
  • Organised by: Ministry of Finance and the National Investment and Infrastructure Fund (NIIF).
  • Focus for 2020: Discussions around India’s economic and investment outlook, structural reforms and the government’s vision for the path to a USD 5 trillion economy by 2024-25.
  • Highlights:

National Investment and Infrastructure Fund

  • NIIF is a government-backed entity established to provide long-term capital to the country’s infrastructure sector.
    • The Indian government has a 49% stake in NIIF with the rest held by foreign and domestic investors.
    • With the Centre’s significant stake, NIIF is considered India’s quasi-sovereign wealth fund.
  • It was set up in December 2015 as a Category-II Alternate Investment Fund.
  • Across its three funds viz. Master Fund, Fund of Funds, and Strategic Opportunities Fund, it manages over USD 4.3 billion of capital.
  • Its registered office is in New Delhi.

Source: PIB

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