ADB to invest USD 100 million in Indian infrastructure sector through NIIF

ADB to invest USD 100 million in Indian infrastructure sector through NIIF
ADB to invest USD 100 million in Indian infrastructure sector through NIIF

ADB to invest USD 100 million in Indian infrastructure sector through NIIF 

Asian Development Bank (ADB) announced a 100 million US Dollars funding for the Indian infrastructure sector through the government-promoted National Investment and Infrastructure Fund-NIIF, of India Fund of Funds (FoF).

The investment announcement comes at a critical time for India, as the already sagging economic growth is feared to be taking a heavy hit due to the coronavirus (COVID-19) pandemic.


The statement said, it has made commitments to three funds aggregating to over 2,600 crore rupees or 350 million dollars.

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