Finance Minister's Call to NIIF
Finance Minister Nirmala Sitharaman emphasized the necessity for the National Investment and Infrastructure Fund (NIIF) to adopt a proactive approach to fund-raising and explore diversified sources of financing.
Key Highlights from the Sixth Meeting of the Governing Council
- The meeting was chaired by the Finance Minister and focused on NIIF's strategic role and performance in attracting international investor attention.
- The Governing Council (GC) suggested that the meeting should be held annually to continuously evaluate and guide NIIF's objectives.
NIIF Overview
- NIIF is an investment platform supported by the Indian government, geared towards international and domestic investors.
- As of now, NIIF manages approximately $5 billion in assets.
- It was established in December 2015 to manage funds across various asset classes and diversified sectors, with a major focus on infrastructure.
Fund Management and Objectives
NIIF manages four key funds:
- Master Fund
- Private Markets Fund
- Strategic Opportunities Fund
- India-Japan Fund
Each fund is tailored to support India's growth needs.
Progress and Future Plans
- The GC reviewed updates on NIIF's strategic approach, progress, investment status, sector focus, and performance.
- Particular attention was given to the progress of NIIF’s upcoming Private Markets Fund II, which aims for a corpus of $1 billion.
- Private Markets Fund II has already onboarded private investors, marking a significant milestone in NIIF's growth trajectory.