NIIF signed MoU with Rusnano OJSC to set-up Russia-India High Technology Private Equity Fund

National Investment and Infrastructure fund (NIIF) the India’s maiden sovereign wealth signed MoU with Russia’s Rusnano OJSC to set up high technology private Equity fund in India.

• The aim of NIIF is to take advantage of economic impact generally through infrastructure development in commercially doable infrastructure projects and other nationally important projects in India.
• Government holds 49% share in the fund and the rest would be held privately.

Key

• Secretary of Economic affairs – Shaktikanta Das