The Union Cabinet has approved an additional investment of ₹30,000 crore in the National Investment and Infrastructure Fund (NIIF), doubling the total capital commitment of the Government of India (GoI) to ₹60,000 crore.
NIIF operates as a public-private entity, with the GoI holding a 49% equity stake, while the remaining 51% is owned by domestic and global institutional investors. It is to be noted that the NIIF attracts investments from sovereign and pension funds based in the US, Japan, the UAE, Singapore, Canada, and Australia.