Equity infusion worth Rs 6,000 crore into NIIF on cards
ECONOMY & POLICY

Equity infusion worth Rs 6,000 crore into NIIF on cards

The union cabinet is expected to accept a proposal of infusing a sum worth Rs 6,000 crore into the National Investment and Infrastructure Fund (NIIF) in the near future. The move is projected to help the body raise capital worth Rs 1.10 lakh crores for financing various infrastructure projects by the year 2025.

According to media reports, the infusion of funds would be carried out directly into the infrastructure finance companies and the infrastructure debt funds floated by the quasi-sovereign wealth fund. To that end, a debt platform consisting of an NBFC Infra Finance Company and an NBFC Infra Debt Fund has been set up by the NIIF Strategic Opportunities Fund.

Along with a deal pipeline worth Rs 10,000 crore, the debt platform has a loan book worth Rs 8,000 crore. The Strategic Opportunities Fund comprises an investment strategy that is more diversified and which includes debt platforms and green-field projects.

This proposal of infusing Rs 6,000 crores in the form of equity into the NIIF is a part of the Aatmanirbhar 3.0 package that was announced earlier in the month. The rest of the equity is expected to be raised from private investors.

The union cabinet is expected to accept a proposal of infusing a sum worth Rs 6,000 crore into the National Investment and Infrastructure Fund (NIIF) in the near future. The move is projected to help the body raise capital worth Rs 1.10 lakh crores for financing various infrastructure projects by the year 2025. According to media reports, the infusion of funds would be carried out directly into the infrastructure finance companies and the infrastructure debt funds floated by the quasi-sovereign wealth fund. To that end, a debt platform consisting of an NBFC Infra Finance Company and an NBFC Infra Debt Fund has been set up by the NIIF Strategic Opportunities Fund. Along with a deal pipeline worth Rs 10,000 crore, the debt platform has a loan book worth Rs 8,000 crore. The Strategic Opportunities Fund comprises an investment strategy that is more diversified and which includes debt platforms and green-field projects. This proposal of infusing Rs 6,000 crores in the form of equity into the NIIF is a part of the Aatmanirbhar 3.0 package that was announced earlier in the month. The rest of the equity is expected to be raised from private investors.

Next Story
Real Estate

Rethinking Slum Development

In July 2024, the Supreme Court directed the Bombay High Court to initiate suo motu proceedings to evaluate the implementation of the Maharashtra Slum Area (Improvement, Clearance and Redevelopment) Act.During the ensuing proceedings, the Division Bench of Justices expressed concern about the plight of slum dwellers, saying, “Merely because you are a slum dweller doesn’t mean that you are left to the discretion of developers. They end up with a pittance.” The Bench also noted that the buildings allocated to slum dwellers were akin to “vertical slums”. “The buildings are congested. ..

Next Story
Real Estate

Ring in the New!

Lighting:OLED (organic light emitting diode) panels such as those by Philips are the latest option in soft lighting fixtures that can be embedded into walls, ceilings or furniture, says Nilesh Sawant, Principal Architect, Nilesh Sawant Architect. “Being thin and flexible, they lend themselves well to different applications while delivering the energy-efficiency associated with LED technology.”And Sapna Aggarwal, Founder, ANSA Architecture & Interiors, says “Embedded light-emitting diodes can create a dreamy illumination, while dimmable LEDs are useful for allowing..

Next Story
Infrastructure Urban

Jhansi Library

The Jhansi Library, commissioned by the Jhansi Development Authority (JDA) under the Jhansi Smart City initiative and built by Bootes Impex, a net-zero construction-tech company. It is the first library in Asia to achieve EDGE (Excellence in Design for Greater Efficiencies) certification from the International Finance Corporation (IFC), a member of the World Bank Group. This milestone marks the library as India’s first and only net-zero library, aligning  with India’s Net-Zero Vision 2070.Sustainable designDeepak Rai, Managing Director, Bootes Impex, explains, “The project's vision ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000