India expects investment of up to $13 billion in infrastructure through the National Investment and Infrastructure Fund (NIIF), even as the government seeks to monetize older assets built through public money for undertaking new projects, a senior official said on Tuesday. Speaking at an event here, Economic Affairs Secretary S.C.
Garg also cited the example of the national carrier Air India, where the government is in the process of selling its stake to the private sector. We have established NIIF. That is our first experience in trying to use the sovereign wealth. We put out $3 billion in the NIIF.
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