National Investment Infrastructure Fund (NIIF)

05 Oct 2023 3 mins Download PDF

National Investment Infrastructure Fund (NIIF)

1. The NIIF was launched in 2015 as India’s first state-backed fund. JBIC will contribute 51 per cent of that figure and the rest will be contributed by India.
2. for enhancing infrastructure financing by investing in greenfield (new), brownfield (existing) and stalled projects.
3. The fund was set up as Category II Alternative Investment Fund (AIF). NIIF manages three funds with distinct strategies – Master Fund, Fund of Funds and Strategic Opportunities Fund.
4. It will also look to boost collaboration between Indian and Japanese firms amid an “unstable world situation and problems such as a severed supply chain.
5. India’s quasi-sovereign wealth fund, the National Investment and Infrastructure Fund (NIIF), and the Japan Bank for International Cooperation (JBIC) launched on Wednesday a $600-million fund to invest in sustainability projects.
6. The India-Japan Fund will target investment in sustainable projects in areas such as renewable energy, e-mobility and waste management.
   1. It will focus on investing in environmental sustainability and low carbon emission strategies.
   2. It aims to play the role of being a ‘partner of choice’ to further enhance Japanese investments into India
   3. marks NIIF’s first bilateral fund, with GoI contributing 49% of the target corpus and the remaining 51% contributed by JBIC.
   4. promoting Japanese investments in India
   5. it the strategic and economic partnership between the Japanese government and GoI.