National Investment & Infrastructure Fund’s long-drawn hunt for a brand new Chief Executive Officer is elevating issues amongst traders, in accordance with individuals aware of the matter, probably posing a danger to the federal government’s plans for the enterprise.

The board of India’s state-backed fund has tapped recruitment agency Russell Reynolds to conduct a search, however there’s been scant progress about 11 months after Sujoy Bose prematurely left, mentioned the individuals, asking to not be recognized discussing a non-public matter. Some exterior candidates have been cautious on account of uncertainty across the fund’s technique and the extent of presidency affect, mentioned the individuals.