At a time when the overseas investments in India are on a decline, the Abu Dhabi Investment Authority's (ADIA) — one of the world’s largest sovereign wealth fund worth $700 billion — is now looking for investment opportunities in India.
ADIA’s MD Sheikh Hamed bin Zaved Al Nahvan is set to visit India with a 14-member delegation in two weeks’ times (January 15-21) to explore investment opportunities in India, said a senior government official in the ministry of commerce and industry.
So far, ADIA has been focused in the US and Europ. In India, the ADIA has a 12% stake in Infrastructure Leasing & Financial Services (IL&FS).
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