India’s National Investment and Infrastructure Fund (NIIF) and Australia’s Future Fund have signed an agreement to help India attract Australian investments in the infrastructure sector.
NIIF, a sovereign-linked alternative asset manager, is a collaborative investment platform for international and Indian investors, anchored by the government of India. The platform has $4.3 billion of assets under management through its Master Fund, Fund of Funds and Strategic Opportunities Fund.
Australia’s Future Fund surpassed A$200 billion ($148 billion) for the first time, as of Dec. 31, 2021. At that time, the Future Fund had more than A$16 billion ($12 billion) allocated to infrastructure, representing 8 percent of the total fund.
The enhanced partnership between the countries will also allow India to mine critical minerals in Australia, according to Economic Times India. The outlet reports that Australia has large reserves of critical minerals such as lith
