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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 ?

A Only I Correct Answer Incorrect Answer
B Only I & III Correct Answer Incorrect Answer
C Only III Correct Answer Incorrect Answer
D Only II & III Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

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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