Government plans sub-funds
The government plans three more sector specific sub-funds, including for the development of airports and ports, under the Rs 40,000 crore National Investment and Infrastructure Fund (NIIF).
The government last week announced that it is in the process of setting up two sub-funds one in clean energy fund which will primarily focus on renewable energy, and another fund with focus on highway projects.
The government had set up the Rs 40,000-crore fund in December last year as an investment vehicle for funding commercially viable greenfield, brownfield and stalled projects. It was envisioned as a mother fund with several sectoral feeder funds.
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