Sujoy Bose

The final decision could be announced as early as this month

Critics inside and outside the government complain that NIIF - which handles about $4.3 billion in assets - lacks vision, decisiveness and the ability to win over investors

Only NIIF has so far stayed the course as a viable infrastructure financing institution, using sovereign support

For India's maiden Rs 40,000 crore sovereign wealth fund

Bose is currently global co-head of infrastructure and natural resources at International Finance Corporation