NIIF stands for National Infrastructure and Investment Fund
It is a fund created by the Government of India for enhancing infrastructure financing in the country.
Established in 2015.
It is registered as a category II alternative investment fund with the Securities and Exchange Board of India.
A sort of sovereign fund, for development of infrastructure projects, including the stalled ones.
It is India’s first sovereign wealth fund
It aims to attract investments from both domestic and international sources for infrastructure development in commercially viable projects both Greenfield and Brownfield, including stalled projects.
It has proposed corpus of Rs. 40,000 crores (around $6 Billion).
Government’s contribution to NIIF is 49% of total commitment at any given point of time.
The remaining 51% will be raised from domestic and global investors, including international pension funds, sovereign wealth funds, multilateral/bilateral investors.
Its Governing Council is chaired by Finance Minister and has already been set up to act as an advisory council to the NIIF.
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