Government’s total commitment to the National Investment and Infrastructure Fund (NIIF) has now reached 60 thousand crore rupees. This undertaking shows the centre’s investment commitment for infrastructure and other nationally important sectors.

 

The Union Cabinet last week approved an additional investment commitment of 30 thousand crore rupees in the fund to accelerate infrastructure investment and catalyse institutional capital into the country.

 

According to the Finance Ministry, the additional investment will be used for setting up NIIF’s second infrastructure-focused fund, which shall be the successor to its first flagship fund with this mandate.

 

NIIF Infrastructure Fund II is proposed to have a target corpus of close to 30 thousand crore rupees and is expected to undertake investments across transportation, energy, digital infrastructure, and emerging areas such as urban infrastructure and e-mobility. The allocation shall also support NIIF’s new fund strategies and successor bilateral and other strategic funds.

 

National Investment and Infrastructure Fund is India’s Sovereign Anchored Fund, professionally run and managed by National Investment and Infrastructure Fund Limited. Centre is 49 per cent shareholder in NIIF and currently manages capital commitments of approximately 40 thousand crore rupees across its funds and investment strategies. NIIF has demonstrated a strong track record of capital deployment and realisations, having returned close to 12 thousand crore rupees to investors through large portfolio exits.