 "Australia's largest investment funds plan entry into India, meet NIIF")
Australia’s largest investment funds, collectively managing assets of more than A$736 billion (Rs 38 trillion) on Thursday met National Investment and Infrastructure Fund (NIIF) on Thursday to explore investment opportunities in India.
The virtual delegation included several of Australia’s largest superannuation (pension) funds and the Future Fund, Australia’s independently managed sovereign wealth fund.
Australia’s high commissioner Barry O’Farrell AO said that despite the Covid-19 pandemic, there are real opportunities for investors in India.
“In responding to the economic challenges of Covid-19, we have seen India adopt fundamental reforms that have opened up its sectors to new investment,” O’Farrell said.
“There will be high growth in demand for infrastructure as India looks to support its economic recovery, presenting opportunities for Australian investors,” he added.
According to the Willis Towers Watson Global Pensions Asset Study, Australia finished 2019 with the world’s fourth-largest pension (superannuation) market in the world, valued at australian dollars 2.95 trillion (Rs 150 trillion).
Organised by the Australian government and the NIIF, the virtual delegation followed in-person tours to New Delhi and Mumbai in 2018 and 2019.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%