In a significant step to deepen India's investment commitment for infrastructure and other nationally important sectors, the Union Cabinet last week approved an additional investment commitment of Rs 30,000 crore by the Centre towards new and upcoming funds of the National Investment and Infrastructure Fund (NIIF).
With the decision of the Cabinet headed by Prime Minister Narendra Modi, the government’s total commitment to NIIF stands at Rs 60,000 crore, an official statement said.
NIIF is India's sovereign-anchored fund, professionally run and managed by National Investment and Infrastructure Fund Ltd (NIIFL).
The Government of India is a 49% shareholder in NIIF, and it currently manages capital commitments of approximately Rs 40,000 crore across its funds and investment strategies.
NIIF has demonstrated a strong track record of capital deployment and realisations, having returned close to Rs 12,000 crore to investors through large portfolio exits, it said.
