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    <title>Union Finance Minister Smt. Nirmala Sitharaman chairs 5th Meeting of Governing Council of National Investment and Infrastructure Fund (NIIF)</title>
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    <description>The Governing Council noted NIIF&#039;s evolution into a commercially viable investment platform, endorsed an MoU to establish an India-Japan Fund with a Japanese development bank, and recorded that NIIF majority infrastructure NBFCs expanded their combined loan book substantially without non performing loans. The Council instructed NIIF Limited to undertake proactive advisory work to develop investible PPP pipelines, expand investor outreach, and explore opportunities under the National Infrastructure Pipeline, PM GatiShakti and National Infrastructure Corridor to attract commercial capital into greenfield and brownfield projects.</description>
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