NIIF Launches $600 Million India-Japan Fund to Boost Environmental Sustainability and Investment

In a significant development promoting economic and environmental collaboration, the National Investment and Infrastructure Fund (NIIF) has joined forces with the Japan Bank for International Cooperation (JBIC) to introduce a $600 million India-Japan Fund (IJF). The IJF, featuring JBIC and the Government of India (GoI) as anchor investors, marks a pivotal step in strengthening bilateral ties between the two nations in a shared area of emphasis – climate and the environment.

This groundbreaking partnership heralds NIIF’s inaugural bilateral fund, with the GoI contributing 49% of the targeted corpus, while JBIC commits the remaining 51%. The management of the fund will be overseen by NIIF Limited (NIIFL), with crucial support from JBIC IG, a subsidiary of JBIC, dedicated to facilitating Japanese investments in India.

The India-Japan Fund is poised to make a substantial impact by focusing its investments on environmental sustainability and strategies aimed at reducing carbon emissions. It aspires to become the preferred collaborator for further augmenting Japanese investments in India.

The establishment of the India-Japan Fund marks a significant milestone in the strategic and economic partnership between the Government of Japan and the Government of India. This collaborative effort underscores their commitment to addressing climate-related challenges and promoting sustainable development, further solidifying the bond between these two influential nations.