A Memorandum of Understanding (MoU) was signed between the Japan Bank for International Cooperation (JBIC) and the National Investment and Infrastructure Fund Limited (NIIFL) on November 10, 2022 to promote and boost Japanese investments in India.
The MoU sets a framework for collaboration between NIIFL and JBIC, which is considering the creation of a bilateral India-Japan Fund (IJF). The India-Japan Fund, which will make equity investments in environmental protection and low-carbon emission strategies, will receive funding from JBIC and the Government of India.
By supporting corporate collaboration across a variety of sectors in India and investing in strategic alliances between Japanese and Indian companies, the fund will also strengthen ties between the two nations.
Through its investments in Ayana Renewable Power, IntelliSmart Infrastructure, Ather Energy, and the Green Growth Equity Fund, NIIFL actively supports green technologies and solutions.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.