Prime Minister Narendra Modi welcomed AustralianSuper’s additional AU$500 million investment in the National Investment and Infrastructure Fund (NIIF), calling it a strong vote of confidence in India’s growth and reform agenda. The investment increases the Australian pension fund’s total exposure to AU$3.3 billion across Indian asset classes.
Key Highlights
- AustralianSuper invests an additional AU$500 million in India’s NIIF.
- Total AustralianSuper investment in India rises to AU$3.3 billion.
- PM Modi says the investment reflects global confidence in India’s economic reforms.
- NIIF continues to attract long-term institutional capital for infrastructure development.
New Delhi, July 09: Prime Minister Narendra Modi on Thursday welcomed AustralianSuper’s fresh investment of AU$500 million in the National Investment and Infrastructure Fund (NIIF), describing it as another strong endorsement of India’s economic growth story and reform-driven investment climate. The announcement was made on the sidelines of the Australia-India Annual Leaders’ Summit in Melbourne, reinforcing the growing economic partnership between the two countries.
Sharing his views on X, PM Modi said the investment reflects global confidence in India’s growth and reform trajectory. He noted that India’s expanding economy, policy stability and improving investment ecosystem continue to attract leading international institutional investors seeking long-term opportunities.
The latest commitment increases AustralianSuper’s total investment exposure in India to AU$3.3 billion across infrastructure, equities and private markets. The investment follows the fund’s initial AU$240 million commitment to NIIF in 2019, which AustralianSuper described as one of its best-performing infrastructure investments, demonstrating the strong returns generated through India’s infrastructure sector.
AustralianSuper Chief Investment Officer Shaun Manuell said the fund’s continued investment reflects confidence in India’s long-term economic prospects, expanding middle class and consistent policy environment. He noted that the partnership with NIIF has demonstrated how long-term capital, visionary policymaking and trusted institutions can deliver sustainable returns while supporting infrastructure development.
Established in 2015 by the Government of India, the National Investment and Infrastructure Fund (NIIF) was created to mobilise long-term institutional capital for strategic infrastructure projects. The latest investment further strengthens NIIF’s position as a preferred investment platform for global pension funds and institutional investors while supporting India’s ambitious infrastructure development agenda.
Conclusion
The additional AU$500 million investment by AustralianSuper reinforces international investor confidence in India’s economic reforms and infrastructure sector, highlighting the country’s growing appeal as a preferred destination for long-term global capital.
