With a view to attract investments from Qatar, the National Investment and Infrastructure Fund (NIIF) Ltd has signed a memorandum of understanding with Qatar Investment Authority (QIA), which is the sovereign wealth fund of Qatar.
This MoU was signed on June 5 by Abdullah Bin Mohamed Al Thani, CEO of Qatar Investment Authority (QIA), and Amar Sinha, Secretary (Economic Relations), Ministry of External Affairs, on behalf of NIIF Ltd.
It was signed during the recent visit of the Prime Minister Narendra Modi to Doha on June 4 and 5.
The objective of the MoU is to facilitate QIA to study investment opportunities in the infrastructure sector in India and develop a framework for exchange of information with regard to such investment opportunities in order to enable both sides to decide on joint investments.
This MoU will remain in effect for 12 months during which period both parties will discuss and agree on the terms, principles and criteria for such investments. The NIIF will share with QIA a pipeline of investment opportunities available in the infrastructure sector in India, an official release said.