Deal Street

February 12, 2018

$3-billion platform set up by NIIF, DP World


dpworld

On January 22, India’s first sovereign wealth fund, the National Investment and Infrastructure Fund (NIIF) and Dubai-based ports operator DP World Pvt. Ltd, declared the creation of an investment platform to invest up to $3 billion in ports, terminals, transportation and logistics businesses in India.

AZB & Partners with a team led by Partners Vinati Kastia and Abhishek Shinde along with Senior Associate Anant Dang advised DP World.

Shardul Amarchand Mangaldas (SAM) acted for NIIF and the SAM team was led by Partner Raghubir Menon.

Moreover, an India-UK Green Growth Equity Fund is also being set up under the fund of funds vertical of NIIF, and will have anchor commitments of £120 million each from the Government of India (through NIIF) and the Government of UK. It will look to collaborate over extended opportunities such as river ports and transportation, freight corridors, port-led special economic zones, inland container terminals and logistics infrastructure, including cold storage too.

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