New ₹30,000 crore Funding for NIF Targets Transport, Energy, Digital and E‑Mobility

The Union Cabinet has given the green light to an additional ₹30,000 crore investment in the National Investment and Infrastructure Fund (NIF), bringing the government's total commitment to ₹60,000 crore. Prime Minister Narendra Modi headed the meeting that approved the infusion, which is slated to speed up financing for transportation networks, power generation, broadband and digital services, urban infrastructure, and electric‑mobility platforms.

NIF operates as a sovereign wealth fund under the stewardship of NIIF Limited, with the government holding a 49 % share. It currently administers a portfolio of about ₹40,000 crore, having generated nearly ₹12,000 crore in returns for its investors through successful exits. The fund’s shareholders include a mix of overseas sovereign investors—Abu Dhabi Investment Authority, AustralianSuper, Ontario Teachers’ Pension Plan, Japan Bank for International Cooperation—and Indian institutions such as State Bank of India, HDFC Group and Kotak Mahindra Life Insurance.

The fresh capital will be directed to launch the second infrastructure‑focused fund, designed to raise approximately ₹30,000 crore for large‑scale deployments in the aforementioned sectors. It will also underpin new investment strategies, including future bilateral and strategic funds that the government intends to establish.