The Union finance ministry is preparing a cabinet note to seek approval for a ₹6,000 crore equity infusion into two subsidiaries of the National Infrastructure Investment Fund (NIIF), a government official aware of the matter said.
The amount will be part of the ₹22,000 crore equity support promised for NIIF in Union budget 2020-21. The quasi-sovereign wealth fund will leverage this equity to raise funds for a ₹1 trillion national infrastructure pipeline (NIP).
