Government Increases NIIF Commitment by Rs 30,000 Crore to Boost Infrastructure Investment
The Indian government has approved an additional Rs 30,000 crore investment in the National Investment and Infrastructure Fund (NIIF), doubling its total commitment to Rs 60,000 crore. This funding will support the launch of NIIF Infrastructure Fund II, targeting sectors like transportation, energy, digital and urban infrastructure, and e-mobility. The move aims to attract private and foreign capital, fostering economic growth and infrastructure development amid global economic challenges. NIIF currently manages about Rs 40,000 crore and has returned close to Rs 12,000 crore to investors.