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
