On Thursday, the National Investment and Infrastructure Fund Limited (NIIF) announced the signing of a memorandum of understanding (MoU) with the Japan Bank for International Cooperation (JBIC) to promote Japanese investments in India.
The NIIFL and JBIC are discussing the formation of a bilateral India-Japan Fund (IJF). The partnership intends to invest between $500 and $700 million in the IJF.

The India-Japan Fund will make equity investments in environmental preservation and low-carbon emission strategies with investments from JBIC and the Indian government.

According to NIIF, the IJF will also strengthen bilateral cooperation by investing in strategic partnerships between Japanese and Indian companies and promoting business collaboration across multiple sectors in India.

According to NIIF, the IJF will also strengthen bilateral cooperation by investing in strategic partnerships between Japanese and Indian companies and promoting business collaboration across multiple sectors in India.
Furthermore, JBIC will consider providing debt financing to NIIFL fund investee companies through their “Global Action for Reconciling Economic Growth and Environmental Preservation (GREEN)” initiative.

The Government of India is the anchor of NIIFL, a collaborative investment platform for international and Indian investors. It manages more than $4.3 billion in equity capital commitments across three funds: the Master Fund, the Fund of Funds, and the Strategic Opportunities Fund.

After becoming a Limited Partner (LP) in YourNest Venture Capital’s latest fund in April 2022, NIIFL made its first investment in a venture capital company. It was expected to put $15 million into YourNest Venture Capital’s third fund, which is worth $75 million.

Prior to this, NIIFL committed Rs 1,080 crore to Everstone Capital’s Green Growth Equity Fund (GGEF), Rs 660 crore to HDFC Capital’s Affordable Real Estate Fund 2, Rs 878 crore to Multiples Private Equity’s third fund, Rs 125 crore to Somerset Capital Partner’s second healthcare fund, and Rs 600 crore to Arpwood Partners’ first fund.

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