Cabinet adds ₹30,000 crore to NIIF, taking the Centre’s total commitment to ₹60,000 crore
Key facts
- The Union Cabinet approved an extra ₹30,000 crore commitment to the National Investment and Infrastructure Fund.
- This takes the Government's total commitment to NIIF to ₹60,000 crore.
- NIIF is India's sovereign-anchored fund, run by NIIF Limited.
- The Government of India holds 49% of NIIF.
Why it matters
[Economy] NIIF pulls foreign pension and sovereign funds into Indian infrastructure. Its investors include ADIA, Temasek and AIIB. The new money backs its upcoming funds.