Cabinet Doubles NIIF Commitment to ₹60,000 Crore
Additional ₹30,000 crore approved to catalyse private capital and accelerate infrastructure development
GG News Bureau
New Delhi, 30th June: The Union Cabinet has approved an additional investment commitment of ₹30,000 crore in the National Investment and Infrastructure Fund (NIIF), taking the Government of India’s total commitment to the sovereign-backed investment platform to ₹60,000 crore.
The decision is aimed at accelerating infrastructure development, attracting institutional capital and supporting investments in nationally important sectors, including transportation, energy, digital infrastructure, urban infrastructure and electric mobility.
The additional allocation will be used to establish NIIF Infrastructure Fund II, the successor to NIIF’s flagship infrastructure fund. The new fund is proposed to have a target corpus of around ₹30,000 crore and will invest in both traditional infrastructure sectors and emerging areas such as urban infrastructure and e-mobility.
NIIF, in which the Government holds a 49 per cent stake, currently manages capital commitments of nearly ₹40,000 crore across multiple investment strategies and has returned nearly ₹12,000 crore to investors through successful portfolio exits.
The sovereign-backed fund has attracted investments from leading global and domestic institutional investors, including sovereign wealth funds, pension funds, multilateral institutions and financial institutions from countries such as the UAE, Singapore, Canada, Australia, Japan and the United States, reflecting strong global confidence in India’s investment landscape.
NIIF currently operates across four investment strategies covering infrastructure, private markets, growth equity and climate investments, including the India-Japan Fund focused on clean energy and the circular economy. Its investments span transportation, renewable energy, power transmission, digital infrastructure, healthcare, manufacturing, affordable housing, technology and electric mobility.
The government said NIIF has also played a strategic advisory role in structuring public-private partnership projects and investment frameworks, including the Maritime Development Fund and the Research Development and Innovation Fund.
According to the government, the enhanced investment commitment is expected to catalyse private investment, create employment, strengthen infrastructure and support flagship initiatives such as Gati Shakti, Digital India, Make in India, FAME and PM E-DRIVE, while contributing to the vision of Viksit Bharat 2047.
