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.
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.
Sitharaman meets JBIC governor, requires higher investments for India - Finance Minister Nirmala Sitharaman met the governor of Japan Bank for International Cooperation (JBIC), Hayashi Nobumitsu, where she discussed.