Question
Consider the following statements regarding the
bilateral fund launched by National Investment and Infrastructure Fund Limited (NIIF)- I.The National Investment and Infrastructure Fund Limited (NIIF), a state-owned entity, unveiled a $600 million (Rs 4,900 crore) India-Japan Fund. This venture is in collaboration with the Japan Bank for International Cooperation (JBIC). II. The target corpus of $600 million will see a 55 per cent contribution from JBIC and a 45 per cent input from the Indian government. III.The fund aims to channel investments into India's environmental conservation sectors, encompassing renewable energy, e-mobility, and circular economy areas like waste management and water management. Which of the following statements is/are correct ?Solution
The National Investment and Infrastructure Fund Limited (NIIF), a state-owned entity, unveiled a $600 million (Rs 4,900 crore) India-Japan Fund. This venture is in collaboration with the Japan Bank for International Cooperation (JBIC). The target corpus of $600 million will see a 51 per cent contribution from JBIC and a 49 per cent input from the Indian government. The fund aims to channel investments into India's environmental conservation sectors, encompassing renewable energy, e-mobility, and circular economy areas like waste management and water management. Moreover, it seeks to bolster collaboration between Indian and Japanese enterprises across various sectors.
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