Cabinet Approves Additional Rs 30,000 Cr for NIIF to Boost Infrastructure Investment
New Delhi, June 29 (TNT): The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved an additional government investment commitment of ₹30,000 crore to the National Investment and Infrastructure Fund (NIIF) to support infrastructure and other nationally important sectors.
With the latest approval, the Government of India’s total commitment to NIIF has doubled to ₹60,000 crore.
NIIF, India’s sovereign-anchored investment fund, is professionally managed by National Investment and Infrastructure Fund Limited (NIIFL), with the Government holding a 49 per cent stake.
It currently manages capital commitments of around ₹40,000 crore across multiple investment strategies.
According to an official release, NIIF has returned nearly ₹12,000 crore to investors through successful portfolio exits and has attracted investments from leading sovereign wealth funds, pension funds, multilateral development institutions and domestic financial institutions.
Its major global investors include Abu Dhabi Investment Authority, Temasek, CPP Investments, Ontario Teachers’ Pension Plan, AustralianSuper, Asian Infrastructure Investment Bank, Asian Development Bank and Japan Bank for International Cooperation, among others.
The additional government commitment will primarily support the launch of NIIF Infrastructure Fund-II, the successor to its flagship infrastructure fund, with a proposed corpus of about ₹30,000 crore.
The new fund will invest in transportation, energy, digital infrastructure, urban infrastructure, e-mobility and other emerging sectors of national importance.
NIIF currently operates four investment platforms covering infrastructure, private markets, strategic growth investments and the India-Japan Fund focused on climate and energy transition.
Its investments span sectors such as roads, ports, airports, renewable energy, power transmission, digital infrastructure, affordable housing, healthcare, manufacturing and technology, supporting flagship initiatives including PM Gati Shakti, Digital India, Make in India, FAME and PM E-DRIVE.
The government said the additional investment is expected to catalyse private capital, accelerate infrastructure creation, generate employment and contribute to the country’s goal of becoming a developed nation by 2047.
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