The MOU outlines a partnership framework between NIIFL and JBIC which is considering the establishment of a bilateral India-Japan Fund (IJF). JBIC and the Government of India will invest in the India-Japan Fund, which will make equity investments in environmental preservation and low carbon emission strategies.
IJF will also enhance cooperation between the two countries by investing in strategic partnerships between Japanese and Indian companies and promoting business collaboration across multiple sectors in India, added the statement.
In addition, JBIC will consider providing debt financing under their “Global action for Reconciling Economic growth and ENvironmental preservation” (GREEN) initiative to investee companies of funds managed by NIIFL.
“We are delighted to partner with JBIC for this initiative. The climate sector and the energy transition in India will offer significant opportunities for investment and the India-Japan Fund, which is expected to be operational early next year, will participate in these opportunities and promote collaboration between Indian and Japanese companies,” said Sujoy Bose, Managing Director & Chief Executive Officer, NIIFL.
National Investment and Infrastructure Fund, a collaborative investment platform for international and Indian investors, anchored by the Government of India, manages over $4.3 billion of equity capital commitments across its three funds – Master Fund, Fund of Funds, and Strategic Opportunities Fund.