Cabinet Approves Rs. 30,000 Crore Boost to National Investment and Infrastructure Fund

The Union Cabinet has approved an additional Rs. 30,000 crore investment in the National Investment and Infrastructure Fund (NIIF), doubling the Government of India's commitment to the fund to Rs. 60,000 crore. This investment aims to accelerate infrastructure development and attract institutional capital. NIIF manages various funds focusing on infrastructure, private markets, growth equity, and climate investments, involving marquee investors from global institutions. The new funding will primarily support the establishment of NIIF's second infrastructure-focused fund, targeting transportation, energy, digital infrastructure, and e-mobility sectors.

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