Government clears MoU Between India and UAE

Q.  Government today cleared an MOU between India and which country for mobilisation of around USD 75 billion long term investments in NIIF?
- Published on 25 Mar 16

a. UK
b. USA
c. UAE
d. None of the above

ANSWER: UAE
 
GoI has cleared MoU between India and the United Arab Emirates for exploring chances for mobilisation of close to USD 75 billion long term investment in the National Investment and Infrastructure Fund. Cabinet meeting chaired by the PM has provided ex-post factor approval for the MoU between the two nations which was signed on February 11, for mobilising long term investment in the NIIF. The objective of NIIF is maximising economic impact through infrastructure development in commercially viable projects, greenfield as well as brownfield. This includes stalled projects. NIIF is category II Alternate Investment Fund as per SEBI.

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