On 9 June 2025, Union Minister Nirmala Sitharaman, Ministry of Finance (MoF) and Ministry of Corporate Affairs (MCA) chaired the 6th meeting of the Governing Council (GC) of the National Investment and Infrastructure Fund (NIIF) under the Mumbai (Maharashtra) based National Investment and Infrastructure Fund Limited (NIIFL) in New Delhi, Delhi.
- The GC acknowledged NIIF’s evolution into a sovereign-linked asset manager and its success in building partnerships with global institutional investors.
Key People: The meeting was attended by Ajay Seth, Finance Secretary and Secretary, Department of Economic Affairs (DEA), MoF; M. Nagaraju, Secretary, Department of Financial Services (DFS), MoF; Anuradha Thakur, Officer on Special Duty (OSD) (DEA); C.S. Shetty, Chairman, State Bank of India (SBI) and Uday Kotak, Founder and Director, Kotak Mahindra Bank (KMB).
Key Outcomes:
i.The council noted the expansion in its Asset Under Management, which has increased to more than Rs. 30,000 crore while catalyzing capital of Rs. 11, 7000 crore.
ii.The meeting reviewed NIIF’s four active funds:
- Master Fund (Infrastructure)
- Private Markets Fund (Fund of Funds)
- India‑Japan Fund (Climate & Sustainability corridor)
- Strategic Opportunities Fund (Growth Equity)
iii.The GC noted the progress of NIIF’s upcoming Private Markets Fund II, which aims to raise USD 1 billion, and appreciated that it has already secured investments from private investors.
iv.The GC advised NIIF to leverage its sovereign-backed design and emphasized the need to professionally showcase its role and performance on the global stage and within the international investor community.
Union Minister Nirmala Sitharaman Inaugurated SPMCIL’s New Corporate Office at World Trade Centre in New Delhi:
On June 9, 2025, Union Minister Nirmala Sitharaman and Pankaj Chaudhary, Minister of State (MoS), MoF, inaugurated the Security Printing and Minting Corporation of India Limited (SPMCIL)’s new corporate office at World Trade Centre, Nauroji Nagar in New Delhi, Delhi.
- They also distributed awards in recognition of the exemplary performance by employees and operational units for the year 2023-24
About Security Printing and Minting Corporation of India Limited (SPMCIL):
i.The SPMCIL is a Schedule ‘A’ Miniratna Category-I Central Public Sector Enterprise (CPSE) under the administrative control of DEA, MoF.
ii.It was established on 13 January 2006 in New Delhi, Delhi.
iii.It is responsible for the printing and minting of currency and banknotes for the Reserve Bank of India (RBI), security paper (passports, stamps), non-judicial stamp paper, postage stamps, coins (circulation & commemorative), medallions, security inks, and refining bullion.
iv.The nine production units of SPMCIL include:
- Two security presses located in Nashik (Maharashtra) and Hyderabad (Telangana)
- Two currency note presses in Dewas (Madhya Pradesh, MP) and Nashik (Maharashtra)
- Four mints situated in Mumbai (Maharashtra), Kolkata (West Bengal, WB), Hyderabad (Telangana), and Noida (Uttar Pradesh, UP)
- One security paper mill at Narmadapuram (MP)
About the National Investment and Infrastructure Fund Limited (NIIFL):
NIIFL is a public sector company in India that manages infrastructure investment funds, serving both international and domestic investors, with the Government of India (GoI) acting as the anchor investor.
Chief Executive Officer (CEO) & Managing Director (MD) – Sanjiv Aggarwal
Headquarters – Mumbai (Maharashtra)
Established – 2015
