Union Cabinet approves ₹30,000 crore additional investment in National Investment and Infrastructure Fund (NIIF)

Key facts

• The Union Cabinet approved an additional investment commitment of ₹30,000 crore to the National Investment and Infrastructure Fund (NIIF), doubling the Centre's total commitment to ₹60,000 crore.
• The allocation will launch the NIIF Infrastructure Fund II with a target corpus of around ₹30,000 crore to invest in transportation, energy, digital infrastructure, urban infrastructure, and electric mobility.
• The government holds a 49 per cent stake in NIIF, with the remaining capital mobilised from global sovereign wealth funds, pension funds, multilateral institutions, and domestic financial institutions.
• NIIF currently manages capital commitments of around ₹40,000 crore and has returned nearly ₹12,000 crore to investors through portfolio exits.
• NIIF operates four investment strategies: infrastructure, private markets, growth equity, and the India-Japan Fund, which focuses on climate, energy transition, and the India-Japan business corridor.
• NIIF's investments span transportation, renewable energy, digital infrastructure, healthcare, affordable housing, manufacturing, technology, and electric mobility.
• NIIF advises central and state government agencies on public-private partnership (PPP) projects, asset monetisation, and sector-specific investment frameworks.