New Delhi, Oct. 13 -- National Investment and Infrastructure Fund (NIIF) chief executive Sanjiv Aggarwal has laid out an ambitious growth road map for India's sovereign wealth fund. In his first media interview since taking charge in January 2024, Aggarwal said that NIIF plans to set up a $600 million e-mobility platform, Avega, and is seeking anchor investors for a Green Transition Fund targeting up to $1 billion. The fund is also preparing to dilute a 40% stake in its power transmission platform, AnantGrid Pvt. Ltd, to a co-sponsor.

Aggarwal, who previously oversaw global private equity firm Actis's energy investments in Asia, also talked about not funding a Large Language Model AI play. Edited excerpts:

The experience has been very g...