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.”

For more information visit at https://happenrecently.com/zepto/?amp=1