Cabinet approves Rs 30,000 Cr additional investment in NIIF to boost infra projects

In a significant step to deepen India's investment commitment for infrastructure and other nationally important sectors, the Union Cabinet last week approved an additional investment commitment of Rs 30,000 crore by the Centre towards new and upcoming funds of the National Investment and Infrastructure Fund (NIIF). With the decision of the Cabinet headed by Prime Minister Narendra Modi, the government’s total commitment to NIIF stands at Rs 60,000 crore, an official statement said.