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NEW DELHI: The National Investment and Infrastructure Fund (NIIF) has entered into a collaboration with Japan Bank for International Cooperation (JBIC) to launch a $600 million India-Japan Fund (IJF) with JBIC and the Indian government as anchor investors.
This joint initiative signals a key dimension of collaboration between the two countries in an area that is a shared priority, and includes climate and environment.
The announcement marks NIIF’s first bilateral fund, with the Centre contributing 49% of the target corpus and the JBIC contributing the remaining 51%. The fund will be managed by NIIF (NIIFL) and JBIC IG (a subsidiary of JBIC) will support NIIFL in promoting Japanese investments in India, according to an official statement.
The IJF will focus on investing in environmental sustainability and low carbon emission strategies, and aims to play the role of being a ‘partner of choice’ to further enhance Japanese investments into India.
The setting up of IJF represents a key milestone in the strategic and economic partnership between Japan and India. IJF will actively invest in India’s environmental preservation sector, including renewable energy, e-mobility businesses, and circular economy sectors such as waste management and water.
This joint initiative signals a key dimension of collaboration between the two countries in an area that is a shared priority, and includes climate and environment.
The announcement marks NIIF’s first bilateral fund, with the Centre contributing 49% of the target corpus and the JBIC contributing the remaining 51%. The fund will be managed by NIIF (NIIFL) and JBIC IG (a subsidiary of JBIC) will support NIIFL in promoting Japanese investments in India, according to an official statement.
The IJF will focus on investing in environmental sustainability and low carbon emission strategies, and aims to play the role of being a ‘partner of choice’ to further enhance Japanese investments into India.
The setting up of IJF represents a key milestone in the strategic and economic partnership between Japan and India. IJF will actively invest in India’s environmental preservation sector, including renewable energy, e-mobility businesses, and circular economy sectors such as waste management and water.
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