The DP World deal is the first investment platform from National Investment and Infrastructure Fund (NIIF), India’s first sovereign wealth fund. Photo: MintMumbai/New Delhi: The National Investment and Infrastructure Fund (NIIF), India’s first sovereign wealth fund, and Dubai-based ports operator DP World Pvt. Ltd, on Monday, announced the creation of an investment platform to invest up to $3 billion in ports, terminals, transportation and logistics businesses in India. This is the first investment platform from NIIF and will see investment up to $3 billion of equity to acquire assets and develop projects in these sectors, the companies said in a joint statement. With a portfolio of 78 operating marine and inland terminals, DP World, majority owned by the Dubai government, is the world’s fourth biggest container port operator.

Source: Mint January 22, 2018 14:57 UTC