NIIF Launches $600 Million India-Japan Fund (IJF)

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NIIF Launches $600 Million India-Japan Fund (IJF)

India Japan Fund

The National Investment and Infrastructure Fund (NIIF) has initiated a partnership with the Japan Bank for International Cooperation (JBIC) to establish a $600 million India-Japan Fund (IJF). JBIC and the Government of India (GoI) are participating as anchor investors in this fund. This collaboration aims to promote investments in various infrastructure and related sectors in India, fostering economic growth and development.

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About India-Japan Fund (IJF)

  • This collaborative endeavor signifies a crucial aspect of cooperation between India and Japan, particularly in an area of shared priority, which is climate and the environment.
  • This announcement marks the establishment of NIIF’s first bilateral fund.
  • The Government of India will contribute 49% of the targeted fund size, while the remaining 51% comes from JBIC.
  • The fund will be managed by NIIF Limited (NIIFL), with support from JBIC IG, a subsidiary of JBIC, to promote Japanese investments in India.
  • The India-Japan Fund will have a primary focus on investments that promote environmental sustainability and low-carbon emissions strategies.
  • It aspires to be a preferred partner for facilitating increased Japanese investments in India.

The creation of the India-Japan Fund is a significant milestone in the strategic and economic partnership between the governments of Japan and India. It highlights their commitment to fostering collaboration in various sectors.

About the National Investment and Infrastructure Fund (NIIF)

The National Investment and Infrastructure Fund (NIIF) is a collaborative investment platform for international and Indian investors, anchored by the Government of India. NIIF invests across asset classes such as infrastructure, private equity, and other diversified sectors in India. Its objective is to generate attractive risk-adjusted returns for its investors.

NIIF was established in February 2015 as a sovereign wealth fund. It is managed by a professional team with experience in investing in India and across the globe. NIIF has raised over $8.5 billion in commitments from domestic and international investors, including sovereign wealth funds, pension funds, insurance companies, and financial institutions.

Benefits of NIIF

  • Attracts foreign investment into India.
  • Supports India’s infrastructure development.
  • Generates attractive risk-adjusted returns for investors.
  • Creates jobs and boosts economic growth.
  • Promotes sustainable development.

NIIF is a key player in India’s economic development. It is helping to attract investment, support infrastructure development, and create jobs. NIIF also promotes sustainable development by investing in renewable energy and other sectors that align with the Sustainable Development Goals.

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