New Delhi, June 29 -- The union Cabinet has approved an additional Rs 30,000 crore investment commitment to the National Investment and Infrastructure Fund (NIIF), doubling the Centre's total commitment to Rs 60,000 crore, in a major push to accelerate infrastructure development and attract more domestic and global institutional capital into India.
The decision, taken under the leadership of Prime Minister Narendra Modi, is aimed at expanding investments in key sectors such as transportation, energy, digital infrastructure, urban infrastructure and electric mobility while supporting the country's long-term vision of becoming a Viksit Bharat by 2047.
As per the Finance Ministry statement released here on Monday, this fresh capital infusion...