LIC willing to be part of NIIF

Life Insurance Corp of India (LIC) has said it is willing to participate in India’s maiden sovereign wealth fund National Investment and Infrastructure Fund (NIIF) as the state-owned company’s own core focus is also on infrastructure investment. LIC has enough funds to invest in NIIF. LIC’s core focus is infrastructure investment.

The government has set up the Rs 40,000 crore NIIF to facilitate funding in infrastructure projects. NIIF has already signed MoU with Russia’s Rusnano, ADIA of Abu Dhabi and Qatar sovereign wealth fund QIA to study investment
opportunities in India’s infrastructure sector.