Ques: On 4th and 5th February 2016 where did the India Investment Summit-2016 was held?
(a) New Delhi
(b) Mumbai
(c) Chennai
(d) Ahmedabad
Ans (a)
Related facts:
- In order to attract investments in the field of infrastructure, Ministry of Finance held a two day India Investment Summit in New Delhi on 4th & 5th February, 2016.
- A large Number of long term investors including Sovereign Wealth Funds and Pension Funds across the globe participated in the two day Summit.
- Apart from the infrastructure related Central Ministries/Departments, many State Governments also took part in the Summit.
- There was a Special focus on investment opportunities in the sectors of road transport, highways, ports, urban infrastructure, railways, power and renewable energy, besides State level projects.
- The Government of India has established National Investment and Infrastructure Fund (NIIF) as a Category II Alternate Investment Fund (AIF) under the Securities and Exchange Board of India (SEBI) Regulations.
- NIIF is financed with Government’s own contribution along with equity participation from both foreign and domestic strategic anchor partners.
- Government’s share in NIIF is of 49%.
Reference:
http://pib.nic.in/newsite/PrintRelease.aspx?relid=135843