The Union Cabinet has approved an additional Rs. 30,000 crore investment in the National Investment and Infrastructure Fund (NIIF). With this approval, the Government of India’s total commitment to NIIF has doubled to Rs. 60,000 crore. The new funding will help speed up infrastructure development and attract more domestic and global institutional investors.
NIIF is India’s sovereign-backed investment fund, with the government holding a 49% stake. It currently manages capital commitments of around Rs. 40,000 crore and has returned nearly Rs. 12,000 crore to investors through successful exits from its investments.
The fund has attracted investments from major global and Indian institutions, including sovereign wealth funds, pension funds, multilateral agencies and leading financial institutions. Investors come from countries such as Australia, Canada, Japan, Singapore, the UAE and the US, reflecting strong global confidence in India’s investment story.
NIIF currently operates four investment strategies covering infrastructure, private markets, growth equity, and the India-Japan climate fund. Its first infrastructure fund, with a corpus of Rs. 16,000 crore, has invested in roads, ports, airports, renewable energy, power transmission, smart meters and digital infrastructure. Other funds have backed sectors such as healthcare, affordable housing, manufacturing, technology and climate-focused businesses.
The additional Rs. 30,000 crore will mainly support the launch of NIIF Infrastructure Fund II, which aims to raise around Rs. 30,000 crore. The new fund will invest in transportation, energy, digital infrastructure, urban infrastructure, e-mobility and other priority sectors, while also supporting new strategic and bilateral investment funds.
The government said the fresh investment is expected to attract more private capital, create jobs, improve infrastructure and support national programmes such as Gati Shakti, Digital India, Make in India, FAME and PM E-DRIVE, contributing to India’s goal of becoming a Viksit Bharat by 2047.
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