Central Idea

India’s National Investment and Infrastructure Fund (NIIF) and Japan Bank for International Cooperation (JBIC) have jointly established a $600 million fund dedicated to climate and environment projects.

India-Japan Fund

The Indian government will contribute 49% of the fund’s target corpus, marking NIIF’s inaugural bilateral fund, while JBIC will provide the remaining 51%, according to the finance ministry.
The India-Japan Fund’s primary objective is to invest in environmental sustainability and low-carbon emission strategies.
It aims to serve as a preferred partner for boosting Japanese investments in India, fostering collaboration and innovation in this critical sector.

NIIF’s Role: NIIF Limited will manage the India-Japan fund, overseeing its strategic investments and initiatives.
Support from JBIC IG: JBIC IG, a subsidiary of JBIC, will collaborate with NIIFL to promote Japanese investments in India, strengthening the partnership further.

NIIF’s Background: Established in 2015, NIIF operates as a sovereign wealth fund, offering a platform for international and Indian investors to participate in India’s growth story.
Ownership Structure: The government holds a 49% stake in NIIF, while the remaining 51% is owned by domestic institutional investors, sovereign wealth funds, international pension funds, and entities such as the US International Development Finance Corporation (USIDFC) and multilateral development banks including the Asian Infrastructure Investment Bank (AIIB), Asian Development Bank (ADB), and New Development Bank (NDB).