FM Sitharaman asks NIIF to weigh opportunities in key infra initiatives

Finance minister Nirmala Sitharaman on Thursday impressed on the National Investment and Infrastructure Fund (NIIF) to weigh opportunities presented by the government’s key initiatives, such as the National Infrastructure Pipeline (NIP), PM GatiShakti and National Infrastructure Corridor.

Chairing the NIIF’s fifth meeting of the governing council (GC), Sitharaman highlighted that the two infrastructure non-banking financial companies where NIIF has majority stakes, have raised their combined loan book from Rs 4,200 crore to Rs 26,000 crore in just three years without witnessing any non-performing loans as yet.