NIIF Limited( NIIFL) and JBIC IG( a attachment of JBIC) will support NIIFL in promoting Japanese investments in India and manage the$ 600 million fund.
The National Investment and structure Fund( NIIF) and the Japan Bank for International Cooperation( JBIC) concertedly launched the India- Japan Fund( IJF) on October 4, according to a release by the Ministry of Finance. The$ 600 million fund has the JBIC and Government of India( GoI) as its anchor investors.
The common action is concentrated on adding investments in environmental sustainability and low- carbon emigration strategies.
The IJF is NIIF’s firstbi-lateral fund, with the government of India contributing 49 percent of the target corpus and JBIC contributing the remaining 51 percent.
Source www.hindustantimes.com
NIIF Limited( NIIFL) and JBIC IG( a attachment of JBIC) will support NIIFL in promoting Japanese investments in India and manage the$ 600 millionfund.The fund aims to play the part of being a ‘ mate of choice ’ to increase Japanese investments in India.
Opining on the development the release by the Ministry of Finance stated that,” the setting up of India Japan Fund represents a crucial corner in the strategic and profitable cooperation between the Government of Japan and Government of India.”
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