New Delhi: The Department of Economic Affairs, Ministry of Finance, in partnership with SBI Caps, is organizing an India Investment Summit on 4 and 5 February in the national capital. Investments, including those in sovereign wealth funds and pension funds from across the globe, are expected to pour into the country, facilitated by the 2-day summit. Apart from the infrastructure-related central ministries and departments, many State governments will take part in the summit.
For two days, special focus would be on investment opportunities in the sectors of road transport, highways, ports, urban infrastructure, railways, power and renewable energy, besides State projects. Ministers, senior officials and regulators concerned will be present for interactions with the investors.
The summit will showcase and discuss the huge long-term infrastructure investment opportunities in India. The government has already established a National Investment and Infrastructure Fund (NIIF) as a Category II Alternate Investment Fund (AIF) under the Securities and Exchange Board of India (SEBI) Regulations. The NIIF is to be financed with the government’s own contribution along with equity participation from both foreign and domestic strategic anchor partners, with the government share being 49%.
The objective of the NIIF is to maximise economic impact mainly through infrastructure development in commercially viable projects, both greenfield and brownfield, including stalled projects and other nationally important projects.
Minister of Finance, Corporate Affairs and Information & Broadcasting, Arun Jaitley will be the chief guest on the occasion. He will address the summit on 4 February.
A booklet containing the list of possible infrastructure projects for funding will be released during the summit. To facilitate detailed discussions on specific State government projects and other projects, the entire day of 5 February is going to see focused meetings with investors in various formats.