Chinese bank invests in Indian infra fund

11 Feb 2021 CW Team

The latest investment marks NDB’s first equity investment into India and its first ever investment into an FoF. An NIIFL news release states that “NDB aims to support private capital investments in India when Indian companies are seeking much-needed equity to achieve their long-term growth.” With NDB’s investment, the FoF has secured $800 million in commitments. NDB joins the Government of India, Asian Infrastructure Investment Bank (AIIB) and Asian Development Bank (ADB) as an investor in the FoF. NIIFL is a collaborative investment platform for international and Indian investors. “Anchored” by the Government of India, NIIFL invests across asset classes such as infrastructure, private equity and other diversified sectors.

Make in Steel 2021

24 February

Click for event info

4th Indian Cement Review Conference 2021

17-18 March

Click for event info

The last two investments by NDB in India have been in the form of debt. In November last year, the Ministry of Housing and Urban Affairs entered into a loan agreement with NDB for $500 million to fund the high-profile Delhi-Ghaziabad-Meerut Regional Rapid Transit System (RRTS). A month later, in December, the Indian government inked a loan pact worth $1 billion with NDB in a bid to boost the country’s economic recovery after the onslaught of Covid-19 by aiding expenditure in rural infrastructure and the generation of rural employment under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS).

The FoF was established in 2018 with the objective of providing homegrown Indian private equity fund managers access to an India-focused institutional investor that operates at scale. As of date, the FoF has made commitments to four funds aggregating over Rs 2,750 crore (approx $370 million). The funds are focused on (i) green energy and climate; (ii) middle-income and affordable housing; (iii) entrepreneur-driven mid-market growth companies; and (iv) affordable healthcare. The managers of the four funds have successfully raised over $1.1 billion equivalent alongside NIIF’s commitments.

Xian Zhu, NDB’s Vice President and Chief Operations Officer, said, “The partnership with NIIF allows NDB to access a diversified range of portfolio funds and support the Government of India’s ongoing effort to promote investment in infrastructure.”

Image: The Chinese bank NDB has made its first equity investment in India’s infrastructure.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Chinese funding agency New Development Bank (NDB) has turned out to be a trusted partner for the Indian government, going by the recent investment trends: after two recent loan commitments, NDB has made its first equity investment in India. The National Investment and Infrastructure Fund Limited (NIIFL) announced a commitment of $100 million today from NDB into the NIIF Fund of Funds (FoF). The latest investment marks NDB’s first equity investment into India and its first ever investment into an FoF. An NIIFL news release states that “NDB aims to support private capital investments in India when Indian companies are seeking much-needed equity to achieve their long-term growth.” With NDB’s investment, the FoF has secured $800 million in commitments. NDB joins the Government of India, Asian Infrastructure Investment Bank (AIIB) and Asian Development Bank (ADB) as an investor in the FoF. NIIFL is a collaborative investment platform for international and Indian investors. “Anchored” by the Government of India, NIIFL invests across asset classes such as infrastructure, private equity and other diversified sectors.Make in Steel 202124 February Click for event info4th Indian Cement Review Conference 202117-18 March Click for event info The last two investments by NDB in India have been in the form of debt. In November last year, the Ministry of Housing and Urban Affairs entered into a loan agreement with NDB for $500 million to fund the high-profile Delhi-Ghaziabad-Meerut Regional Rapid Transit System (RRTS). A month later, in December, the Indian government inked a loan pact worth $1 billion with NDB in a bid to boost the country’s economic recovery after the onslaught of Covid-19 by aiding expenditure in rural infrastructure and the generation of rural employment under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS). The FoF was established in 2018 with the objective of providing homegrown Indian private equity fund managers access to an India-focused institutional investor that operates at scale. As of date, the FoF has made commitments to four funds aggregating over Rs 2,750 crore (approx $370 million). The funds are focused on (i) green energy and climate; (ii) middle-income and affordable housing; (iii) entrepreneur-driven mid-market growth companies; and (iv) affordable healthcare. The managers of the four funds have successfully raised over $1.1 billion equivalent alongside NIIF’s commitments. Xian Zhu, NDB’s Vice President and Chief Operations Officer, said, “The partnership with NIIF allows NDB to access a diversified range of portfolio funds and support the Government of India’s ongoing effort to promote investment in infrastructure.”Image: The Chinese bank NDB has made its first equity investment in India’s infrastructure.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..