India-Japan Fund will focus on investing in environmental sustainability and low carbon emission strategies besides further enhancing Japanese investments into India

The National Investment and Infrastructure Fund (NIIF) has entered into a collaboration with the Japan Bank for International Cooperation (JBIC) to launch a $600 million India-Japan Fund (IJF) with JBIC and Government of India (GoI) as anchor investors. This joint initiative signals a key dimension of collaboration between the two countries in an area that is a shared priority viz. climate and environment.

The announcement marks NIIF’s first bi-lateral fund, with the GoI contributing 49% of the target corpus and the remaining 51% contributed by JBIC. The Fund will be managed by NIIF Limited (NIIFL) and JBIC IG (a subsidiary of JBIC) will support NIIFL in promoting Japanese investments in India.

India Japan Fund will focus on investing in environmental sustainability and low carbon emission strategies and aims to play the role of being a ‘partner of choice’ to further enhance Japanese investments into India.

The setting up of India Japan Fund represents a key milestone in the strategic and economic partnership between the Government of Japan and Government of India.

India-Japan Fund collaboration focuses on environmental sustainability, low carbon investments and enhancing Japanese private investment into India. The National Investment and Infrastructure Fund and JBIC established the India-Japan Fund, a bilateral vehicle anchored by the Government of India and JBIC to finance environmental sustainability and low carbon projects. NIIF Limited will manage the Fund while a JBIC subsidiary will promote Japanese investment into India, using anchor public commitments to catalyse private and institutional capital into eligible sustainable infrastructure and low emissions sectors.