Intro
Sitharaman hails PM Modi as AustralianSuper commits additional AUD 500 million to NIIF, boosting India’s infrastructure investment and investor confidence
New Delhi
Finance Minister Nirmala Sitharaman on Thursday welcomed AustralianSuper’s additional AUD 500 million investment in India’s National Investment and Infrastructure Fund (NIIF), describing it as a reflection of growing global confidence in the country’s economic growth and investment potential.
Taking to her official social media account, Sitharaman thanked Prime Minister Narendra Modi for promoting greater foreign investment and strengthening the NIIF platform. She said India has continued to remain one of the fastest-growing major economies under Modi’s leadership and appreciated AustralianSuper for its continued trust in India’s growth story.
The fresh investment commitment will take AustralianSuper’s total investments across various asset classes in India to AUD 3.3 billion, further expanding the Australian pension fund’s presence in the country.
Prime Minister Narendra Modi also highlighted the development, saying the investment demonstrates rising global confidence in India’s economic reforms and growth trajectory. He said the commitment reflects the opportunities available in India’s expanding domestic market and encouraged more global investors, including pension funds, to participate in the country’s long-term development journey.
The announcement came after Modi’s address at the India-Australia CEO Forum and Economic Roadmap Business Reception during his visit to Australia. The Prime Minister positioned India as a reliable and attractive destination for long-term investments while emphasizing the growing economic partnership between the two nations.
AustralianSuper Chief Executive Officer Paul Schroder said India’s stable policy environment and long-term economic vision have strengthened investor confidence. Speaking on the sidelines of the business event, Schroder praised Modi’s approach towards engaging with businesses and creating conditions that support major global investments.
He said the India-Australia relationship offers significant opportunities for collaboration and mutual learning, particularly in areas linked to infrastructure development and economic growth.
AustralianSuper said the latest capital commitment builds on the AUD 240 million investment it made seven years ago. The additional funding is expected to support India’s infrastructure expansion and contribute to the country’s long-term economic development goals.
The investment marks another major step in strengthening financial ties between India and Australia and reflects increasing participation of global institutional investors in India’s growth story.