Rajeev Chandrasekhar's official website - Member of Parliament

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

DEPARTMENT OF ECONOMIC AFFAIRS

 

RAJYA SABHA

UNSTARRED QUESTION NO. 2483

 

TO BE ANSWERED ON THE AUGUST 08, 2017

 

SIZE AND STATUS OF NIIF

 

 

  1. SHRI RAJEEV CHANDRASEKHAR:

Will the Minister of FINANCE be pleased to state:

 

(a) The size and status of the National Infrastructure Investment Fund (NIIF) announced by Government in 2015; and

 

(b) The quantum of domestic and international investment attracted by the NIIF and the details of infrastructure made by the NIIF till June, 2017?

 

 

ANSWER

 

MINISTER OF STATE IN THE MINISTRY OF FINANCE

 

(SHRI ARJUN RAM MEGHWAL)

 

(a) National Investment and Infrastructure Fund (NIIF) has been set up as a trust registered with Securities and Exchange Board of India (“SEBI”) as a Category II Alternate Investment Fund (“AIF”) under the SEBI (Alternative Investment Funds) Regulations, 2012 (“AIF Regulations”) with the aim to attract equity investments from both domestic and international sources for infrastructure development in Government’s contribution to the Fund shall be 49% of the total commitment at any given point of time and shall neither be increased beyond nor allowed to fall below the threshold of 49%. The whole of 49% would be contributed by the Government of India as contributions to NIIF. The details of the NIIF are in Office Ministry of Finance, Department of Economic Affairs:

(http://finmin.nic.in/the_ministry/dept_eco_affairs/investment_division/NIIF24082015.PDF)

 

(b) Till June 2017, the total amount of domestic and international investment attracted and infrastructure investment made by NIIF is Nil.

********