New Delhi

Finance Minister Nirmala Sitharaman on Thursday said AustralianSuper will deepen its commitment to India’s National Investment and Infrastructure Fund with a further 500 million Australian dollar (about USD 347 million) investment to fund infrastructure development.

This will take the fund’s overall holdings in India across all asset classes to 3.3 billion Australian dollar, she said in a post on X.

"Thank you @PMOIndia for championing greater investments in India and strengthening the #NIIF. Under PM @narendramodi ji leadership, India continues to be the fastest growing economy. Thanks #AustralianSuper for continuing your trust in NIIF," it said.

Thank you @PMOIndia for championing greater investments in India and strengthening the #NIIF. Under PM @narendramodi ji leadership, India continues to be the fastest growing economy.
Thanks #AustralianSuper for continuing your trust in NIIF.

“AustralianSuper will deepen its… https://t.co/iexwplBQkJ

— Nirmala Sitharaman (@nsitharaman) July 9, 2026

Earlier in the day, Prime Minister Narendra Modi said India provides a safe, stable and sustainable growth option for funds.

AustralianSuper is Australia's largest pension fund, headquartered in Melbourne.

In a significant step to deepen India's investment commitment for infrastructure and other nationally important sectors, the Union Cabinet last month approved an additional investment commitment of Rs 30,000 crore by the Centre towards new and upcoming funds of the National Investment and Infrastructure Fund (NIIF).

With the decision, the government’s total commitment to NIIF stands at Rs 60,000 crore.

NIIF is India's sovereign-anchored fund, professionally run and managed by National Investment and Infrastructure Fund Ltd (NIIFL).

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The government is a 49 per cent shareholder in NIIF, and it currently manages capital commitments of approximately Rs 40,000 crore across its funds and investment strategies.

It has demonstrated a strong track record of capital deployment and realisations, having returned close to Rs 12,000 crore to investors through large portfolio exits.