 "Union Minister for Finance, Arun Jaitley chairing the first meeting of the Governing Council of National Investment & Infrastructure Fund Trustee Ltd. (NIFTL), in New Delhi on Tuesday. MoS for Finance, Jayant Sinha and other dignitaries are also")
During his tour of India as the chief guest at the republic day celebrations, one of the things on top of UAE’s crown prince Mohammed bin Zayed Al Nahyan's agenda was investing in India’s sovereign wealth fund established in 2015. However, the pact envisaging a $75 billion investment by UAE’s sovereign fund in India’s fund could not be signed. Called the Abu Dhabi Investment Authority, UAE’s sovereign fund is the world’s third largest sovereign fund with close to $800 billion in assets across the world.
While the reasons for the pact not being signed remain unclear, it has now emerged
