The Commerce and Industry Minisitry today said that the proposed 750 million US dollar Saudi- Indo Investment Fund will be operational in near future. The fund , jointly set up by the Public Investment Fund of Saudi Arabia and the Infrastructure Development Finance Corporation will focus on channelizing Saudi Investments into Indian infrastructure projects. According to an official release, the Union Minisiter of State for Commerce and Industry Dr. S Jagathrakshakan told this to 15 member delegation of Saudi – india Business Network- SIBN who called on the Minister in New Delhi. The delegation has shown keen interest in investing in India and forming joint ventures with indian companies.