NIIF appoints Rajiv Dhar as interim CEO dailyexcelsior.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexcelsior.com Daily Mail and Mail on Sunday newspapers.
The proposal for the new mega fund comes amid reports that managing director and chief executive Sujoy Bose, who has been at the helm of NIIF since its inception in 2016, may quit.
When India launched its first state-backed investment fund in 2015, the project was met with great enthusiasm. Officials hoped to raise billions of dollars to improve the nation's infrastructure and attract foreign manufacturers.
National Investment and Infrastructure Fund Limited (NIIFL) today said it had signed a memorandum of understanding (MOU) with Japan Bank for International Cooperation (JBIC) to promote and enhance Japanese investments into India.