India state fund NIIF, Dubai's DP World set up $3b platform to invest in ports

The National Investment and Infrastructure Fund (NIIF), India’s first sovereign wealth fund, and Dubai-based ports operator DP World Pvt. Ltd, on Monday, announced the creation of an investment platform to invest up to $3 billion in ports, terminals, transportation and logistics businesses in India.

This is the first investment platform from NIIF and will see investment up to $3 billion of equity to acquire assets and develop projects in these sectors, the companies said in a joint statement.

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