A $4 billion India fund is clashing with its government backer

India’s lofty expectations for the National Investment & Infrastructure Fund are now in question. A chilly relationship has developed between NIIF’s team and the government over investment choices, according to interviews with officials and fund managers. 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.

from Economy-News-Economic Times https://ift.tt/rkjV20M
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