The key among these are two highways in Jammu and Kashmir acquired separately by the fund in 2022. The 16.3-kilometre Qazigund Banihal Expressway was acquired from Navayuga Engineering in July 2022 for $380 million (Rs 3,163 crore). Meanwhile, the 64.5-kilometre Jammu Udhampur Highway was acquired by Athaang in August 2022 from Shapoorji Pallonji Group for $290 million (Rs 2,414 crore).
The National Investment and Infrastructure Fund (NIIF) has launched a $600-million India-Japan Fund with the Indian government and the Japan Bank for International Cooperation (JBIC) as anchor investors, the finance ministry said on Wednesday.
The National Investment and Infrastructure Fund (NIIF) has partnered with the Japan Bank for International Cooperation (JBIC) to launch a $600 million India-Japan Fund (IJF). The fund will focus on investing in environmental sustainability and low carbon emission strategies. The initiative aims to enhance Japanese investments into India and strengthen collaboration between the two countries in the area of climate and environment.
NIIF Limited (NIIFL) and JBIC IG (a subsidiary of JBIC) will support NIIFL in promoting Japanese investments in India and manage the $600 million fund.