Buoyed by interest shown by global investors, the government plans three more sector-specific sub-funds, including for the development of airports and ports, under the Rs 40,000 crore National Investment and Infrastructure Fund (NIIF), reports the Business Standard.
The publication quotes sources that have indicated that there is a proposal for an airport development fund, port development fund and one more under the NIIF.
The government has already announced that it is in the process of setting up two sub-funds, one in clean energy (which will primarily focus on renewable energy), and another fund with focus on highway projects.
The Centre had set up the Rs 40,000-crore fund in December last year as an investment vehicle for funding commercially viable greenfield, brownfield and stalled projects. It was envisioned as a mother fund with several sectoral feeder funds