INDIA-JAPAN
FUND (IJF) - INTERNATIONAL
News:
India, Japan launch $600
million fund for environment projects
What's
in the news?
●
India's National Investment and
Infrastructure Fund (NIIF) and Japan Bank for International Cooperation (JBIC)
jointly launched a $600 million fund for climate and environment projects.
India-Japan
Fund:
●
India’s
quasi-sovereign wealth fund, the National Investment and Infrastructure Fund
(NIIF), and the Japan Bank for International Cooperation
(JBIC) launched a $600-million fund to invest in sustainability projects.
Features:
●
JBIC
will contribute 51 percent of that figure, and India the rest,
the Indian government.
●
The India-Japan Fund will target
investment in sustainable projects
in areas such as renewable energy,
e-mobility, waste management, and low carbon emission.
●
It aims to be a ‘partner of choice’ in
order to increase Japanese investments in India.
●
The establishment of the India-Japan Fund
marks a significant milestone in the strategic and economic partnership between
the governments of Japan and India.