 | |
| Company type | public sector company |
|---|---|
| Industry | Institutional Investor, Fund Management |
| Founded | February 2015 |
| Headquarters | Mumbai, India |
Area served | India |
Key people | Sujoy Bose, CEO |
| Total assets | ₹ 35,000 crore (US$4.3 billion) |
| Website | niifindia |
National Investment and Infrastructure Fund Limited (NIIFL) is an Government owned 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 Chief Executive Office of NIIFL who was then the Director and Global Co-Head, Infrastructure and Natural Resources International Finance Corporation (IFC).[6]
As of September 2020, the NIIFL manages funds of over USD$4.34 billion.[7][8]
- ^ "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.
- ^ "Five years on, National Investment and Infrastructure Fund (NIIF) yet to hit target". Financialexpress. Retrieved 2022-09-14.
- ^ "NIIF inks $400 mn agreement with Singapore's Temasek". The Economic Times. 6 September 2018. Retrieved 21 January 2019.