New Delhi, June 29 -- In a move aimed at scaling up investments in infrastructure and attracting larger pools of global institutional capital, the Centre on Monday approved an additional Rs.30,000 crore allocation to the National Investment and Infrastructure Fund (NIIF), taking its total capital commitment to Rs.60,000 crore.

The approval, based on a proposal by the Department of Economic Affairs under the finance ministry, will support NIIF's continued growth and enable it to raise larger funds, attract investors across geographies, and deepen investments in key sectors of the economy, according to a statement issued by NIIF on Monday.

The fresh allocation will be deployed primarily towards Infrastructure Fund II, the successor to Ind...