27.9 C
Delhi
Monday, July 7, 2025

NIIF and JBIC launch $600 mln India-Japan Fund

Date:

Share post:

Donate-GC-Razorpay

New Delhi: The National Investment and Infrastructure Fund (NIIF) has entered into a collaboration with the Japan Bank for International Cooperation (JBIC) to launch a $600 million India-Japan Fund with JBIC and Government of India (GoI) as anchor investors.

“India-Japan Fund will focus on investing in environmental sustainability and low carbon emission strategies besides further enhancing Japanese investments into India,” said Finance Ministry in a statement on Wednesday.

The announcement marks NIIF’s first bilateral fund, with the GoI contributing 49% of the target corpus and the remaining 51% contributed by JBIC. The Fund will be managed by NIIF Limited (NIIFL) and JBIC IG (a subsidiary of JBIC), and will support NIIFL in promoting Japanese investments in India.

“The setting up of India Japan Fund represents a key milestone in the strategic and economic partnership between the Government of Japan and Government of India,” the official press release said.

Related articles

Historic Nagar Kirtan Held in Baramulla After 30 Years to Commemorate Guru Hargobind Sahib Ji’s Birth Anniversary

For the first time in over three decades, the town of Baramulla resonated with the divine spirit of...

India and Israel – Allies in Innovation, Security, and Spirit: Reuven Azar

As the geopolitical landscape evolves and new alliances emerge, the relationship between India and Israel has stood out...

PM Modi reaches Trinidad & Tobago

Port of Spain/New Delhi: During the second leg of his five nation tour, Prime Minister Narendra Modi, reached...

PM Modi arrives in Port of Spain, welcomed by PM Kamala Persad Bissessar and entire cabinet

Port of Spain/New Delhi: Prime Minister Narendra Modi arrived in Port of Spain, on a two-day visit to...