{"id":84916,"date":"2025-11-12T00:00:00","date_gmt":"2025-11-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/mena-india\/top-business-association-pitches-creation-of-a-new-sovereign-wealth-fund\/"},"modified":"2025-11-12T00:00:00","modified_gmt":"2025-11-12T00:00:00","slug":"top-business-association-pitches-creation-of-a-new-sovereign-wealth-fund","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/top-business-association-pitches-creation-of-a-new-sovereign-wealth-fund\/","title":{"rendered":"Top business association pitches creation of a new sovereign wealth fund"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Sovereign wealth shakeup? <\/strong>India\u2019s leading business association, the Confederation of Indian Industry (CII), is proposing the setup of a new sovereign fund that would subsume the existing state-backed National Investment and Infrastructure Fund (NIIF). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The pitch: <\/strong>The CII is proposing the establishment of an India Development and Strategic Fund (IDSF) that would have a wide mandate to invest at home while also pursuing international opportunities, <a target=\"_blank\" href=\"https:\/\/www.thehindubusinessline.com\/companies\/cii-proposes-india-development-and-strategic-fund-to-finance-long-term-growth\/article70259284.ece\" style=\"\" rel=\"noopener\">Hindu Businessline<\/a>. The NIIF, which is 49% state-owned with domestic and international investors holding 51%, would slot in under the new fund if the CII\u2019s plan gets traction. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Wait, how\u2019s this different from the NIFF? <\/strong>The existing fund has a pretty tight focus on domestic infrastructure projects. Launched in 2015, it has AUM of about USD 4.9 bn. Unlike Gulf-based sovereign wealth funds, the NIIF doesn\u2019t manage excess liquidity, have a mandate to allocate to public equities alongside private equity, or invest abroad. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CII is thinking big: <\/strong>The lobby group thinks the fund could mobilize up to INR 216 tn (USD 2.6 tn) by 2047 through a mix of budgetary support, asset monetization, and the transfer of government takes in some state-owned companies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>The CII\u2019s proposal comes as the Modi government is <a target=\"_blank\" href=\"https:\/\/www.financialexpress.com\/business\/govt-mulls-50-billion-sovereign-wealth-fund-4015671\/\" style=\"\" rel=\"noopener\">reportedly mulling<\/a> the setup of a \u201cBharat Sovereign Wealth Fund\u201d with an early AUM target of USD 50 bn and a mandate to invest across strategic sectors at home and abroad.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The CII is pitching a fund with two arms: <\/strong>one acting like a quasi development-finance institution and other pursuing strategic investments. <\/p>\n<ul>\n<li><strong>The development arm would effectively be an expanded NIIF<\/strong>, investing in infrastructure, clean energy, logistics, industrial corridors, healthcare, education, urban development, and small businesses. <\/li>\n<li>The strategic arm would pursue opportunities in sectors including energy, minerals, and technology. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Governance framework: <\/strong>CII has recommended that the government enact an India Development and Strategic Fund law to outline the fund\u2019s structure, capital sources, and governance. The fund would remain majority-owned by the government of India but managed by an independent professional board comprising senior officials and investment experts. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The proposal would see the existing NIIF slotted under a new fund with a wider investment mandate at home and abroad.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2456],"tags":[2524,2402,2455,2525,2523],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-84916","post","type-post","status-publish","format-standard","hentry","category-investment-watch","tag-confederation-of-indian-industry","tag-enterpriseam-india","tag-investment-watch","tag-national-investment-and-infrastructure-fund","tag-sovereign-wealth-fund","wpautop","entry"],"acf":{"mongo_id":"68a37fa9-bcb2-4fe2-9d76-b24b895bd970","order":"5","is_powered_by":false,"story_type":"1","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"CII, India\u2019s top business association, is pushing for the creation of a new Indian sovereign wealth fund","related_issue":[84909],"teaser":"The proposal would see the existing NIIF slotted under a new fund with a wider investment mandate at home and abroad.","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.bfcb9723-6b91-4f8f-934c-e5703206af9d.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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