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The National Investment and Infrastructure Fund (NIIF) plans to raise Rs 8,000 crore from various sources to fund projects worth Rs 16,000 crore for the next financial year (FY).
The government has allocated Rs 1,000 crore budgetary support to NIIF which will be leveraged to raise Rs 8,000 crore from strategic anchor partners, namely multilateral and bilateral institutions, sovereign wealth funds, pension funds and domestic public sector enterprises, according to the Output Outcome Framework for Schemes 2017-18.
This will fund projects worth Rs 16,000 crore into the infrastructure sector — both greenfield and brownfield projects.
In December 2015, the government had set up the Rs 40,000-crore NIIF, an investment vehicle for funding commercially viable greenfield, brownfield and stalled projects.