National Investment and Infrastructure Fund information
Sovereign wealth fund of India dedicated to infrastructure
National Investment and Infrastructure Fund Limited
Company type
public sector company
Industry
Institutional Investor, Fund Management
Founded
February 2015; 9 years ago (2015-02)
Headquarters
Mumbai, India
Area served
India
Key people
Sanjiv Aggarwal, CEO & MD
Total assets
₹ 39,000 crore (US$4.9 billion)
Website
niifindia.in
National Investment and Infrastructure Fund Limited (NIIFL) is an Indian Government-backed company which maintains infrastructure investments funds for international and Indian investors anchored by the Government of India. The objective behind creating this organisation was to catalyse capital into the country and support its growth needs across sectors of importance.[1][2][3]
In Union Budget 2015-16, India’s then Finance Minister, Arun Jaitley announced the creation of NIIFL. It was proposed to be established as an Alternative Investment Fund with an inflow of ₹20,000 crore from the Government of India, with their commitment being 49% of the total corpus.[4] NIIFL was approved in August 2015 by the Department of Economic Affairs. First meeting of its governing council was held in December 2015 further to which it was registered with SEBI as Category II Alternative Investment Fund.[5] In June 2016, Finance Ministry announced that they appointed Sujoy Bose as the first Chief Executive Office of NIIFL who was then the Director and Global Co-Head, Infrastructure and Natural Resources International Finance Corporation (IFC).[6] In February 2024, Sanjiv Aggarwal was appointed as Chief Executive Officer & Managing Director of NIIFL.[7] Aggarwal previously worked with London-based Actis, where he became a partner in 2010. At Actis, Aggarwal was responsible for the company's energy investments in Asia including India. [7]
As of April 2024, NIIFL has over USD 4.9 billion in assets under management.[8][9][10]
^"Budget 2020: Tax exemption for sovereign funds to boost India infra play". The Economic Times. Retrieved 2020-11-28.
^"Modi's ambitious India infrastructure fund gets another boost; to jointly invest $3 billion with Dubai's DP World". The Financial Express. 2018-01-22. Retrieved 2018-07-23.
^"NIIF to sign first investment proposal in next few days: CEO". Live Mint. 2018-01-17. Retrieved 2018-07-23.
^"NIIF: An untrodden path that holds promise". The Financial Express. 2016-01-20. Retrieved 2018-07-23.
^"The NIIF's tough challenge". The Financial Express. 2016-02-08. Retrieved 2018-07-23.
^Tiwari, Dheeraj (2016-06-27). "Sujoy Bose appointed as new CEO of NIIF". The Economic Times. Retrieved 2018-07-23.
^ ab"National Investment and Infrastructure Fund Limited Appoints Mr. Sanjiv Aggarwal as Chief Executive Officer & Managing Director" (PDF). 5 January 2024.
^"NIIF | India's Largest Domestic Infrastructure Fund". www.niifindia.in. Retrieved 2024-04-28.
^"Five years on, National Investment and Infrastructure Fund (NIIF) yet to hit target". Financialexpress. 31 August 2020. Retrieved 2022-09-14.
^"NIIF inks $400 mn agreement with Singapore's Temasek". The Economic Times. 6 September 2018. Retrieved 21 January 2019.
and 26 Related for: National Investment and Infrastructure Fund information
George Inderst (Jan 2009). "Pension FundInvestment in Infrastructure" (PDF). OECD Working Paper on Insurance and Private Pensions, volume 32. Retrieved...
sovereign wealth fund (SWF), sovereign investmentfund, or social wealth fund is a state-owned investmentfund that invests in real and financial assets...
The Asian InfrastructureInvestment Bank (AIIB) is a multilateral development bank and international financial institution that aims to collectively improve...
Kerala InfrastructureInvestmentFund Board (KIIFB) was constituted by Government of Kerala as a Body Corporate financial institution in the Indian state...
The Public InvestmentFund (PIF; Arabic: صندوق الاستثمارات العامة) is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth...
Global Infrastructure Partners (GIP) is an infrastructureinvestmentfund making equity and selected debt investments. GIP's main headquarters are located...
The InfrastructureInvestmentand Jobs Act (IIJA), most commonly known as the Bipartisan Infrastructure Law (BIL), (H.R. 3684), is a United States federal...
China Investment Corporation (CIC; Chinese: 中国投资有限责任公司; pinyin: zhōngguó tóuzī yǒuxiàn zérèn gōngsī) is a sovereign wealth fund that manages part of China's...
Internet InvestmentFund (CIIF; Chinese: 中国互联网投资基金; pinyin: Zhōngguó Hùliánwǎng Tóuzījījīn), is a China Government Guidance Fund. The fund focuses on...
Stabilization Fund of the Russian Federation was split into two separate investment funds on 30 January 2008. The two funds were the Reserve Fund, which was...
An alternative investment, also known as an alternative asset or alternative investmentfund (AIF), is an investment in any asset class excluding capital...
subsidiaries: ECOWAS Regional Development Fund (ERDF) for financing the public sector; and ECOWAS Regional Investment Bank (ERIB) for financing the private...
The Russian Direct InvestmentFund (Russian: Российский фонд прямых инвестиций, RDIF) is Russia's sovereign wealth fund established in 2011 by the Russian...
bank's largest investment in a infrastructurefund. The Marguerite Fund has invested in the Butendiek Wind Farm off Germany, the Tychovo and the Kukinia...
Circuit Industry InvestmentFund (ICF; Chinese: 国家集成电路产业投资基金; pinyin: Guójiā Jíchéng Diànlù Chǎnyè Tóuzī Jījīn), also known as the National Integrated Circuit...
target of £500 million and joint anchor investments from the UK Government and the India's NationalInvestmentandInfrastructureFund, with a commitment...
Government Pension InvestmentFund (年金積立金管理運用独立行政法人, Nenkin Tsumitate-kin Kanri Un'yō Dokuritsu-gyōsei-Hōjin), or GPIF, is an incorporated administrative...
neighborhood, and the systems that make our world work. Emmaus, PA: Rodale. ISBN 978-1-60529-647-0. Georg Inderst, "Pension FundInvestment in Infrastructure", OECD...
the Big Three index fund managers. Its Aladdin software keeps track of investment portfolios for many major financial institutions and its BlackRock Solutions...
Kuwait Investment Authority (KIA) is the Middle East's oldest sovereign wealth fund, managing the state’s reserve and the state’s future generation fund (FGF)...
Spark Infrastructure Group is an Australian investmentfund which owns and manages a portfolio of electricity infrastructure assets. Spark's principal...
the European InvestmentFund: venture capital funds, technical transfer, business perspectives, and private-sector equity (infrastructure funds) in general...
The Abu Dhabi Investment Authority (Arabic: جهاز أبوظبي للاستثمار, ADIA) is a sovereign wealth fund owned by the Emirate of Abu Dhabi in the United Arab...
India. It provides finance and advisory services for infrastructure projects, as well as asset management andinvestment banking. IDFC was incorporated...
Global Information