Friday, July 11, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Investment

Investments: Japan takes lead at $600m IJF for low carbon strategies

Fiinews by Fiinews
October 5, 2023
in Investment
Reading Time: 3 mins read
A A
0
JBIC
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

JBIC contributes 51% to fund to enhance Japanese investment in India

The Japan Bank for International Cooperation (JBIC) has joined a US$$600 million India-Japan Fund (IJF) with the Indian Government as anchor investors, the Finance Ministry said on 4 Oct 2023.

This joint initiative signals a key dimension of collaboration between the two countries in an area that is a shared priority viz. climate and environment, it said.

The IJF is launched by the National Investment and Infrastructure Fund (NIIF) as its first bi-lateral fund.

JBIC is contributing 51% of the target corpus with the Indian Government contributing 49% to the fund being managed by NIIF Limited (NIIFL) and JBIC IG (a subsidiary of JBIC).

It will support NIIFL in promoting Japanese investments in India.

The India Japan Fund will focus on investing in environmental sustainability and low carbon emission strategies and aims to play the role of being a ‘partner of choice’ to further enhance Japanese investments into India.

The setting up of India Japan Fund represents a key milestone in the strategic and economic partnership between the Government of Japan and Government of India, said the Ministry.

JBIC elaborated, “The Fund will invest in India’s environmental preservation sector, including in renewable energy, electric vehicles, waste management, and water management projects.

“Additionally, the Fund, through collaboration between NIIFL and JBIC IG, a joint venture between JBIC and Industrial Growth Platform, Inc., will support Indian companies and projects that collaborate with Japanese companies with the aim of enhancing the cooperative relationship between Indian and Japanese companies across all sectors.”

As part of its commitment to global climate action, India made a significant announcement in November 2021 during COP26 by reaffirming its goal of achieving carbon neutrality by 2070, noted JBIC.

To realize this vision, the government has actively promoted sustainable practices, including the widespread adoption of renewable energy sources and the facilitation of electric vehicles.

Additionally, the government has been actively initiating numerous schemes that are key driving factors to assist the waste and water management sector to achieve carbon neutrality, such as the Swachh Bharat Mission, the Smart City Mission, and subsidies for Waste-to-Energy. JBIC’s commitment is expected to contribute toward these environmental preservation efforts by India through the Fund.

On another front, Japanese companies are facing the disruption of supply chains attributable, in part, to the precarious global situation, and India, whose economic growth has been tremendous with its vast market in recent years, is drawing attention as a destination for the relocation of production bases and new investments, said JBIC

The Bank’s commitment is also expected to contribute toward the maintenance and improvement of the international competitiveness of Japanese companies through the Fund’s support for Japanese companies expanding their businesses in India.

In November 2022, JBIC and NIIFL signed a memorandum of understanding (MoU) that aimed to promote environmental preservation, low carbon emission strategies, and growth of the Indian economy, as well as enhance the cooperative relationship between Indian and Japanese companies. JBIC’s equity participation in the Fund is based on this MoU.

As Japan’s policy-based financial institution, JBIC will continue to support global environmental preservation efforts and the maintenance and improvement of the international competitiveness of Japanese industry by drawing on its various financial facilities and programs for structuring projects and by performing its risk-assuming function. Fiinews.com

Tags: Ministry of Finance
ShareTweetShare

Related Posts

IVCA
Investment

Invest: India requires $150-$200bn for renewables

by Fiinews
July 10, 2025
0
25

Mumbai to host Renewable Energy Summit 2025 India will require another US$150-US$200 billion investments for renewables over the next five...

Veeda Lifesciences Logo
Investment

Invest: Veeda to leverage Mango AI capabilities

by Fiinews
July 9, 2025
0
12

Dr Misra integrating LLM-GenAI into Querent™ for efficiencies Veeda Lifesciences, a global contract research organization (CRO) from Ahmedabad, is investing...

IPA

Invest: Serendipity Space raises pre-seed round

July 5, 2025
17
Indian Steel Association

Invest: India needs $200bn for expansion of mills

July 4, 2025
19
PIB

Invest: PSBs told to strengthen credit to MSMEs

June 29, 2025
17
PIB

Invest: Minister wants further development of IFSCS

June 28, 2025
21
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Project: Japanese delegation inspects DMIC progress
  • Project: Mindset change is critical for innovation
  • Project: 4,000% in installed solar capacity
  • Project: EV policies part of climate goals
  • Tech: ansrsource-ANSR reshape talent across India

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.