National Investment and Infrastructure Fund (NIIF)

National Investment and Infrastructure Fund (NIIF)

  • Recently the 5th Governing Council (GC) meeting of the National Investment and Infrastructure Fund (NIIF) was held.
  • The GC is chaired by the Finance Minister. It comprises members from the corporate, investment and policy sectors.
  • Backed by the Government of India, NIIF is a collaborative investment platform for international and Indian investors.
  • Which has been formed to create a National Infrastructure Pipeline for each year from the financial year 2019-20 to the financial year 2024-25.
  • These funds have been set up to invest in India by raising capital from domestic and international institutional investors.
  • First Bilateral Fund of NIIF: Recently, an India-Japan Fund has been proposed.

National Investment and Infrastructure Fund (NIIF)

  • The National Investment and Infrastructure Fund (NIIF) is a fund created by the Government of India to provide solutions to the financial problems facing the infrastructure sector in the country and ensure funding.
  • NIIF was set up with a corpus of Rs 40,000 crore, partly funded by private investors.
  • Its objective is to provide funding to infrastructure projects including stalled projects.
  • The Government of India holds 49% stake in NIIF and the rest is held by foreign and domestic investors.
  • NIIF is considered India’s quasi-sovereign wealth fund, with a significant stake from the Centre.
  • Across its three funds – Master Fund, Fund of Funds and Strategic Fund, it manages over $3 billion in capital.
  • Its registered office is at New Delhi.

Source – The Hindu

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