New Delhi: Global pension and sovereign wealth funds will participate in the two-day India Investment Summit organised by Finance Ministry beginning February 4 with a view to attract foreign investments in sectors like road, railways and urban infrastructure.
"India Investment Summit organised by Finmin will be held in New Delhi on February 4-5. Global long-term investors will participate," Economic Affairs Secretary Shaktikanta Das tweeted.
According to a Finance Ministry statement, Union Minister Arun Jaitley will be the chief guest and senior officials from various ministries and concerned regulators will be present for interaction or discussions with investors.
India has been trying to attract foreign investment for Make in India campaign with a view to boost economic growth and generating employment.
"Special focus would be on investment opportunities in the sectors of road transport, highways, ports, railways, urban infrastructure, power and renewable energy, besides state level projects," the statement said.
Apart from the infrastructure related central ministries or departments, many state governments will also take part in the summit.
The statement said a large number of long-term investors including sovereign wealth funds and pension funds from across the globe are expected to participate.
The Finance Ministry is seeking participation from SWFs for the Rs 40,000 crore National Investment and Infrastructure Fund (NIIF), which will act as a nodal agency for funding long-term projects, including stalled ones.
The ministry is in the process of finalising the first set of foreign investors in NIIF.
Since coming to power in May 2014, the NDA government has relaxed foreign direct investment norms in over a dozen sectors including defence, banking, railways, construction and medical devices.
Mr Jaitley has on several occasions said the country needs to attract foreign investment to supplement domestic efforts to accelerate growth. The summit would showcase and discuss the huge long-term infrastructure investment opportunities in India, it said, adding a booklet containing the list of possible infrastructure projects for funding will also be released during the summit.
To facilitate detailed discussions on specific state government projects and other projects, the final day of the summit would focus on meetings with investors.
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