Cabinet approves ₹30,000 crore for NIIF to boost infrastructure investment
New Delhi: Union Cabinet approved an additional NIIF investment of ₹30,000 crore for the National Investment and Infrastructure Fund (NIIF), doubling the Centre’s total commitment to ₹60,000 crore to accelerate infrastructure development and attract institutional capital.
The decision, taken under the leadership of Prime Minister Narendra Modi, will support new and upcoming NIIF funds. The government said the additional investment will strengthen financing for infrastructure and other nationally important sectors.
NIIF, India’s sovereign-anchored investment platform, currently manages capital commitments of nearly ₹40,000 crore. The fund has already returned around ₹12,000 crore to investors through major portfolio exits.
The platform has attracted investments from leading sovereign wealth funds, pension funds, multilateral institutions and domestic financial institutions from countries including Australia, Canada, Japan, Singapore, the UAE and the United States.
NIIF investment to support new infrastructure fund
The fresh NIIF investment will help establish the second infrastructure-focused fund, which will succeed the existing flagship infrastructure fund. The proposed fund targets a corpus of nearly ₹30,000 crore.
The new fund will invest in transportation, energy, digital infrastructure, urban infrastructure and emerging sectors such as electric mobility. It will also support successor bilateral funds and other strategic investment platforms.
NIIF’s existing investment strategies cover infrastructure, private markets, growth equity and climate investments under the India-Japan business corridor. Its investments span transportation, renewable energy, healthcare, digital infrastructure, affordable housing, manufacturing and technology.
The government said these investments support national initiatives such as Gati Shakti, Digital India, Make in India, FAME, PM E-DRIVE and India’s climate commitments.
Besides investing in projects, NIIF also advises the Centre and state governments on public-private partnership models, infrastructure financing and asset monetisation.
The government said the additional allocation will attract more private capital, generate employment, strengthen strategic sectors and support India’s goal of becoming a Viksit Bharat by 2047.
