Sujoy Bose appointed CEO of NIIF
NEW DELHI: Centre has appointed Mr. Sujoy Bose, Director and Global Co-Head, Infrastructure and Natural Resources, International Finance Corporation, Washington, as the Chief Executive Officer of National Investment and Infrastructure Fund (NIIF) Ltd.
A Finance Ministry press release said in New Delhi this evening that Mr. Bose has extensive international experience in the infrastructure sector including experience in raising funds from international investors.
The NIIF has been established with the aim to attract investment from both domestic and international sources for infrastructure development in commercially viable projects. It has been incorporated as a company under the Companies Act, 2013, duly authorized to act as investment manager of National Investment and Infrastructure Fund.
The establishment activities of the NIIF are underway and steps are being taken to operationalize the initiatives with different investors including RUSNANO, Abu Dhabi Investment Authority(ADIA) and Qatar Investment Authority(QIA). An initial budgetary allocation of 4000 crore rupees has also been made in 2016-17 budget . Further allocation would be made as and when necessary.
