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5th NIIF Governing Council Meeting

Published on November 19, 2022
Current Context: The 5th National Investment and Infrastructure Fund (NIIF) Governing Council Meeting was held in New Delhi.
5th NIIF Governing Council Meeting
  • The Union Minister of Finance, Nirmala Sitharaman, presided over the 5th Governing Council Meeting of the NIIF.
  • The primary objective of the meeting was to approve significant updates regarding bilateral engagements under the NIIF.
  • At the event, a Memorandum of Understanding (MoU) was signed between NIIF Ltd and the Japan Bank for International Cooperation (JBIC), to promote Japanese investments in the country.
  • This led to the creation of NIIF’s first bilateral fund, namely, an “India Japan Fund”.
  • The Governing Council also reviewed the current status of the three funds of the NIIFL:
  1. Master Fund
  2. Fund of Funds
  3. Strategic Opportunities Fund
  • NIIFL was established in 2015 with its headquarters in Mumbai. The current MD & CEO of the company is Sujoy Bose.

Question:

Q.1 The 5th National Investment and Infrastructure Fund (NIIF) Governing Council Meeting was presided over by?
a. Droupadi Murmu
b. Narendra Modi
c. Nirmala Sitharaman
d. Piyush Goel
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