National Investment and Infrastructure Fund (NIIF)

We are delighted to have participated at COP29 Azerbaijan in Baku last week, where NIIF’s Prasad Gadkari participated in two panel discussions. ??? In a discussion co-hosted by the IFSWF (International Forum of Sovereign Wealth Funds) and the State Oil Fund of the Republic of Azerbaijan (SOFAZ) and titled “The Role of Sovereign Wealth Funds in Financing the Energy Transition”, the panellists discussed topics including the role of sovereign wealth funds in the financing of major energy transition projects, how diverse institutions fit into blended capital structures, and what are the creative solutions to instruments and governance that enable more capital to flow into renewable energy. The panel included representatives from the International Monetary Fund, the China Investment Corporation, Mubadala, Temasek, and Franklin Templeton. ??? "Are standards and regulatory frameworks hindering transition?” — a panel discussion arranged by OMFIF — focused on the role of disclosure and measurements in transition finance, and establishing credible transition plans and targets in the shift towards a sustainable economy. ? The panel also included representatives from CDP, MSCI Inc., and the IFRS Foundation. Prasad outlined NIIF’s approach and investment strategy with respect to green transition and sustainable investments. He explained how NIIF’s strategy for green and energy transition financing is multi-pronged and operates through diverse instrumentalities: ?? Through our sustainable infrastructure fund, we own and operate Ayana Renewable Power, a 5GW renewable energy platform in partnership with British International Investment. We also co-own IntelliSmart Infrastructure, a smart metering company, in partnership with Energy Efficiency Services Limited. ?? Our India-Japan Fund has invested in electric mobility leaders Ather Energy (e-scooters) and Mahindra Last Mile Mobility, and is exploring other climate-focused businesses. ?? Investing in climate-focused funds through our Private Markets business. We co-created GGEF, a USD740m fund investing in utilities, C&I energy, water, waste, and e-buses. We have investments through our investee funds in emerging technologies like small commercial e-vehicles and fast-charging batteries. ?? Our two NBFC businesses provide project finance for many energy transition projects. NIIF is proud to contribute to global discussions and actions on furthering access to sustainable finance and the green transition. #COP29 #Sustainability #CleanEnergy #NIIF #India #Economy

NIIF's Rakhee Sunar and Raghavendra Padala, recently took part in the Environment and Social Safeguards Community of Practice Seminar (CoP) on ‘Sustainable Transport: Opportunities, Challenges, and Good Practice’. ? The event, co-hosted by the Asian Infrastructure Investment Bank (AIIB) and the Multilateral Cooperation Center for Development Finance (MCDF) took place in Chengdu, China, October 31st?– November 1st. ? The core objective of the forum was to serve as a platform to share insights on managing environmental and social risks in transport infrastructure, including best practices, lessons learned, opportunities, and challenges. ? NIIF's ESG team participated in a session that investigated how Occupational Health and Safety (OHS) could be brought into the mainstream in?sustainable mobility?projects.?They also delivered and presented a case study on OHS challenges and opportunities in E-fleet operations, highlighting: ? - OHS measures implemented to address these challenges. - An integrated approach to managing OHS effectively. - Positive outcomes achieved from?implementing good OHS practices. ? Our team also participated in a panel discussion, sharing insights on E-bus battery safety measures, the role of top management and emergency response procedures. ? NIIF’s participation underscores our commitment to enhancing E&S standards and safety practices in transport infrastructure projects. #Sustainability #ESG #GreenTransport #EMobility #India #Investing

We’re delighted to share that Prakhar Sharma has joined NIIF as General Counsel and will be a part of our leadership team. ? Prakhar brings over two decades of leadership experience in a number of complex cross border M&As, private equity, insolvency and bankruptcy matters as well as several high value domestic and international litigations/dispute resolutions. ? He has worked on transactions and litigations across diverse industries, including technology, telecom, infrastructure, renewables, energy, mining, manufacturing, oil and gas, financial services, and healthcare, with experience spanning North America, Europe, the Middle East, Africa, Southeast Asia, and India. ? Read his full profile on our website: https://lnkd.in/dHAQvzJR #Leadership #Team #NIIF #GeneralCounsel #India #Investment #Legal

This Diwali, we’re proud to showcase the geographical reach of our investments, spanning every state and union territory in India. ? From large-scale infrastructure projects in roads, ports & logistics, renewables, smart meters, and digital infrastructure, to portfolio companies in sectors like EVs, manufacturing, fintech, deeptech, and more, our investments are powering communities, connecting people, and building pathways for lasting impact. ? Here are a few highlights from our geographical footprint: ?? Renewables - Portfolio of ~6GW+ across 18 states and 4 union territories ??Ports & logistics - Number 2 player in the ports & logistics business, with a presence in 7 states ??Smart meters - Industry pioneer with 5 million+ operational meters across 7 states and union territories ??Roads & airports - 1000+ lane kilometres of roads, serving an average of 150,000 daily Passenger Car Units (PCUs). We are also strengthening regional air travel penetration and connectivity, through our two airport investments across 2 states ??Digital infrastructure and data centres - Our digital infrastructure platform has a presence in 21 states and 5 union territories; and our data centre platform is building APAC’s largest hyperscale facility in Navi Mumbai ??Private Markets - We have a presence in every state and union territory, with investments spanning renewables, electric mobility, consumer, manufacturing, fintech, deeptech, healthcare and more ??India-Japan Fund - Two investments in electric mobility with manufacturing facilities across 5 states including upcoming plants ??Electric mobility - 300,000+ EVs (including 2Ws, 3Ws, and e-buses) on road across 15+ states ??Infrastructure financing - NIIF’s debt platforms support projects in 16 states and 2 union territories, with 50%+ of our loan book across 250+ projects dedicated to green project finance ? Driving catalytic change and transformative impact across the country, our investments are lighting the path to a sustainable, bright future. ? From all of us at NIIF, we wish you a joyous and prosperous Diwali! May the festival of lights bring warmth, happiness, and new opportunities. #Diwali #Diwali2024 #India #NIIF?

Our most recent Monthly Economic Report on India shines a light on developments in the Indian economy from August to September. The report’s insights include: ? ???India's composite Purchasing Managers' Index (PMI) continues to exhibit robust growth in September, surpassing the performance of other major economies. ? ???Ports and railway freight movement show steady growth. ? ???Forex reserves exceeding USD 700 billion (as of October 4) provide over 9 months of import cover ? ?Industrial output and electricity generation faced headwinds, partially due to base effects and September rainfall dampening power demand ? ???Government capital expenditure is tracking approximately 20% lower year-to-date in FY2025 (up to August) ? ??Consumer inflation stood at 5.5% in September, driven by higher food prices, remains within the central bank’s target range ? Access the full report here for more??? https://lnkd.in/eB-K9wkz ? Akshata Kalloor ? #India #Economy #Government #Budget #Infrastructure #Investments

Great discussion featuring NIIF’s Jitender Tanikella on the evolution of due diligence in M&A, ESG considerations, recent changes in FDI and more. #niif #duediligence #esg #fdi #india

Our teams in Mumbai and Delhi brought in the Diwali spirit with a delicious lunch today. ?? Diwali ?? is a time to come together, celebrate the bonds we share, and reflect on our collective successes. It’s a moment to appreciate the joy of togetherness and the opportunities that lie ahead of us. At NIIF, we believe that our success is built on the strength of our people and the camaraderie and collaboration that illuminate our journey forward. Here are some photos from our lunch today. ?? #diwali #happydiwali2024 #festivaloflights #india #niif #teamwork

?????? ?????? ?????????????????? ???????????? ?????? ???????????????? ?????????????????????????? ?????????? ?????? ???? ??????????? This question was at the heart of a roundtable discussion jointly organised by the High Commission of India in London, NIIF, and OMFIF earlier this week. The event brought together investors to explore how international stakeholders can access India's investment opportunities and navigate the regulatory framework among UK asset owners and managers. We were pleased to be one of the organisers of the event, with our CEO and Managing Director, Sanjiv Aggarwal, participating alongside James Bryce, Managing Director and Head of Infrastructure at CPP Investments | Investissements RPC. They engaged in a compelling discussion on the exciting opportunities within India's alternative investment space. The event also featured insightful contributions from His Excellency Vikram Doraiswami, High Commissioner of India to the UK; Neelkanth Mishra, Chief Economist at Axis Bank and Head of Global Research and Director at Axis Capital Ltd. and Zia Mody, Founder and Senior Partner at AZB & Partners. With many opportunities for investment and growth, we look forward to continuing to work with these partners and other stakeholders to play a part in India’s growth story. Make In India, Department for Promotion of Industry and Internal Trade, Ministry of External Affairs, India. #India #Economy #Investment #UK #Growth #MakeInIndia

In an in-depth conversation with DealStreetAsia, Anand Unnikrishnan, our Managing Partner, Private Markets, sheds light on the success of our Private Markets Fund 1 (PMF-1). Committed across eight funds and with exposure to 60 portfolio companies in India, PMF-1 has distributed over USD100 million to investors within five years. Once fully deployed, it is expected to have exposure to nearly 100 companies. Through PMF-1, NIIF has backed eight funds from Eversource | An Everstone & Lightsource bp Venture, Multiples Alternate Asset Management, HDFC Capital Advisors Limited, Arpwood Partners, Lighthouse Funds, Amicus Capital Partners , Somerset Indus Capital Partners, and YourNest Venture Capital. In the interview, Anand discusses the fund’s performance and the strong investor interest it has generated, as well as plans for our future private markets initiatives. Read the full interview with Anand Unnikrishnan and DealStreetAsia’s Kavitha N. here: https://lnkd.in/eU5vjzeK #India #NIIF #Economy #PrivateMarkets #Growth #PrivateEquity #Investors #Trade #VentureCapital

Our latest monthly economic report on the Indian economy has been released with highlights showing: ? ???steady momentum in the Indian economy with Q1 FY25 real GDP rising by 6.7%?year-on-year?driven by rising private consumption and continued public capex ????core infrastructure shows robustness in steel and cement production at 7% and 5% respectively?in July ???railway freight records double-digit growth of ~10% yoy?in June ???led by the influence of solar and wind, renewable share?in total energy generation?hit a record high of 15.9%?in July ? The South-West monsoon picked up pace during August to early September, with the spatial distribution of rainfall uneven and a few key agricultural states including Punjab and Haryana recording?deficient rainfall.? ? ?????For further information and to read the full report scroll through our carousel or visit this link:?https://lnkd.in/eYmgRzQs Akshata Kalloor #India #Economy #Government #Budget #Infrastructure #Investments #Demand #Growth #Steel #Coal #Power #Trade #Investors #Services