Govt likely to invest Rs.30,000-Cr in sovereign wealth fund NIIF: report

The Union government is planning to invest INR 30,000 crore into the new fund to be raised by the National Investment and Infrastructure Fund (NIIF) .Established in 2015, NIIF is India’s sovereign wealth fund, sponsored by the Indian government, which holds a 49% stake, primarily focusing on investing in core infrastructure sectors. NIIF manages USD 4.9 Billion of equity capital commitments across four funds: Master Fund, Private Markets Fund, Strategic Opportunities Fund, and India-Japan Fund. Its investments span sectors such as ports and logistics, renewable energy, roads, digital infrastructure, and manufacturing.The fresh fund is expected to be deployed towards NIIF Master Fund II, which is currently raising approximately USD 3.5 Billion. NIIF is also developing its Private Markets Fund II with a target corpus of USD 1 Billion and is in talks for a bilateral fund with the USA.