INFRASTRUCTURE
Cabinet’s nod for Rs 30,000 crore more in new NIIF funds focused on infrastructure
- IBJ Bureau
- Jun 30, 2026
The Union Cabinet has approved an additional investment commitment of Rs 30,000 crore towards new and upcoming funds of the National Investment and Infrastructure Fund (NIIF), taking the total government commitment to NIIF to Rs 60,000 crore.
The Cabinet’s nod for the additional investment commitment in NIIF will be used for setting up NIIF’s second infrastructure-focused fund, which will be the successor to its first flagship fund with this mandate, the government has said in a statement.
NIIF Infrastructure Fund II is proposed to have a target corpus of close to Rs 30,000 crore and is expected to undertake investments across transportation, energy, digital infrastructure and emerging areas, such as urban infrastructure and e-mobility.
The allocation will also support NIIF’s new fund strategies and successor bilateral and other strategic funds.
NIIF is India’s sovereign-anchored fund, professionally run and managed with the Centre’s 49 per cent shareholding.
It currently manages capital commitments of approximately Rs 40,000 crore across its funds and investment strategies.
NIIF has demonstrated a strong track record of capital deployment and realisations, having returned close to Rs 12,000 crore to investors through large portfolio exits.
NIIF has raised capital from marquee institutional investors, including sovereign wealth funds, pension funds, multilateral development organisations and leading domestic financial institutions.
NIIF’s four operational investment strategies – infrastructure, private markets, growth equity and climate investments in the India-Japan business corridor – have achieved notable investment momentum.
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