Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, chaired the 6th meeting of the Governing Council (GC) of the National Investment and Infrastructure Fund Limited (NIIF) in New Delhi yesterday.
In the meeting, the Finance Minister and other GC members discussed performance and the existing fund of NIIF and key guidance. They also discussed the existing strategy and future vision of NIIF, as an institution going forward, including the nature and size of the next generation of funds to be raised by NIIF and the new avenues for capital raising to be explored.
The GC appreciated NIIF’s evolution as a sovereign-linked asset manager and acknowledged the efforts made over the years to build strong partnerships with marquee investors, including prominent sovereign wealth funds.
Recognising NIIF’s growing role in mobilising capital into infrastructure and other key sectors of the Indian economy in line with the national priorities, the GC appreciated NIIFs performance and took note of the expansion in its Assets Under Management, which has increased to more than 30 thousand crore while catalysing capital of 11,7000 crore.
