The Economic Times

Govt pledges extra Rs 30,000 crore for NIIF, move to spur infra investments, says finance ministry

The government has doubled its commitment to the National Investment and Infrastructure Fund (NIIF) to Rs 60,000 crore, approving an additional Rs 30,000 crore. This significant boost aims to accelerate investments in crucial sectors like transportation, energy, and digital infrastructure, fostering economic growth and job creation. The move is expected to attract further private capital, supporting India's ambition to become a developed nation by 2047 amidst global economic challenges.