Govt to host India Investment Summit on 4, 5 February

The Central government will hold "India Investment Summit" on 4 February and 5 February, 2016, in New Delhi to showcase the investment potential in various sectors in the infrastructure space in India.

The government expects participation of global sovereign wealth funds and pension funds in the two-day event that will be held in partnership with SBI Caps. 

"For the two days, special focus would be on investment opportunities in the sectors of road transport, highways, ports, urban infrastructure, railways, power and renewable energy, besides state Level projects," the government said in a statement issued on Wednesday. 

The "India Investment Summit" will be addressed by Union Finance Minister Arun Jaitley.

The National Investment and Infrastructure Fund (NIIF), announced by Jaitley while presenting the Union Budget 2015-2016 last year, will be used as a special purpose vehicle to channelise investments from wealth funds. 

The first meeting of the NIIF was chaired by Jaitlet on 29 December, 2015.

"The progress with regard to the proposals of sovereign funds from the UAE, the UK (Britain) and Russia were particularly discussed, including the expressions of interest from other countries," Jaitley told reporters on that day after the meeting, IANS had reported. 

"We will meet again in March to review the progress on each of these funds that intend to invest in NIIF," he added.