NIIF eyes $1 bn more from overseas investors in fresh fundraising round

The National Investment and Infrastructure Fund (NIIF) is looking at raising another $1 billion from external investors, a senior official said here Friday.

The NIIF, which is tasked with attracting investments into infrastructure and other key sectors, has already received commitments for $1 billion from a few external investors.

“We have been able to raise over $1 billion so far and hope to get a similar amount now,” executive director Prakash Rao said speaking at an event organised by the industry lobby CII.

Speaking to investors, he hinted that they may be announcing a new fund raising deal soon, but did not specify the deal amount, time-line or whether this is over and above the proposed $1 billion.