Online Courses (English)
This just in:

State PCS

Daily Updates

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

SMS Alerts
 

Please login or register to view note list

close

Please login or register to list article as bookmarked

close
 

Please login or register to make your note

close

Please login or register to list article as progressed

close

Please login or register to list article as bookmarked

close