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Union Minister Nirmala Sitharaman Chairs 6th Governing Council Meet of National Investment and Infrastructure Fund (NIIF).

National | Dated: 13 Jun 2025

On 9 June 2025, Union Minister Nirmala Sitharaman, holding charge of the Ministry of Finance (MoF) and Ministry of Corporate Affairs (MCA), chaired the 6th Governing Council (GC) meeting of the National Investment and Infrastructure Fund (NIIF) under the Mumbai (Maharashtra)-based National Investment and Infrastructure Fund Limited (NIIFL). The meeting was held in New Delhi, Delhi.

🎯 Key Highlights:

  • - The Governing Council acknowledged NIIF’s transformation into a sovereign-linked asset manager and lauded its achievement in fostering partnerships with major global institutional investors.
  • - The 6th Governing Council meeting of NIIF saw the presence of several key officials. Ajay Seth, the Finance Secretary and Secretary of the Department of Economic Affairs (DEA) under the Ministry of Finance (MoF), participated alongside M. Nagaraju, Secretary of the Department of Financial Services (DFS), MoF. Anuradha Thakur, Officer on Special Duty (OSD) in the DEA, also attended.
  • - From the banking sector, C.S. Shetty, Chairman of the State Bank of India (SBI), and Uday Kotak, Founder and Director of Kotak Mahindra Bank (KMB), were present.

💡 Other Important Facts:

  • (i) On 9 June 2025, Union Finance Minister Nirmala Sitharaman chaired the 6th Governing Council meeting of the National Investment and Infrastructure Fund (NIIF) in New Delhi. The Council appreciated NIIF’s growth into a sovereign-linked asset manager with an Asset Under Management (AUM) exceeding ₹30,000 crore and capital mobilization of over ₹1.17 lakh crore.
  • (ii) The Council reviewed NIIF’s active funds including the Master Fund, Private Markets Fund, Strategic Opportunities Fund, and India-Japan Fund. It also noted the upcoming Private Markets Fund II, targeting USD 1 billion, which has already attracted strong investor interest.
  • (iii) On the same day, Nirmala Sitharaman and MoS Pankaj Chaudhary inaugurated the new corporate office of the Security Printing and Minting Corporation of India Limited (SPMCIL) at the World Trade Centre, New Delhi. Awards were presented to top-performing employees and units for 2023–24.

📚 Test Your Knowledge:

Who recently chaired the 6th Governing Council meeting of the National Investment and Infrastructure Fund (NIIF)?

Correct Answer: Nirmala Sitharaman

🚀 Quick Recap:

About the National Investment and Infrastructure Fund Limited (NIIFL)

  • MD & CEO : Sanjiv Aggarwal
  • Headquarter : Mumbai