National Investment and Infrastructure Fund Limited (NIIF) on Thursday said it has signed a deal with Japan Bank for International Cooperation (JBIC) to promote Japanese investments in India by establishing a bilateral India-Japan Fund (IJF).
The partnership is aiming for an investment of around $500-700 million in the IJF, according to a report by VCCircle.
JBIC and the Government of India will invest in the India-Japan Fund, which will make equity investments in environmental preservation and low carbon emission strategies.
IJF will also enhance cooperation between the two countries by investing in strategic partnerships between Japanese and Indian companies and promoting business collaboration across multiple sectors in India, NIIF said.
NIIF is a collaborative investment platform for international and Indian investors, anchored by the Government of India. The platform manages funds with investments in different asset classes and diversified sectors that generate attractive risk-adjusted returns.
It manages over $4.3 billion of equity capital commitments across its three funds – Master Fund, Fund of Funds, and Strategic Opportunities Fund, each with a distinct investment strategy.
JBIC is a policy-based financial institution in Japan, and conducts lending, investment and guarantee operations while complementing the private sector financial institutions.
