CII proposes India Development & Strategic Fund for long-term growth

Industry body CII has proposed the creation of an India Development and Strategic Fund (IDSF), a sovereign-backed, professionally managed institution designed to finance India’s long-term growth, resilience, and global economic securityConceived as a twin-arm national fund, the IDSF would mobilise patient, long-horizon capital to build India’s productive capacity at home and secure critical economic interests abroad.Announcing the proposal, Chandrajit Banerjee, Director General, CII, said that the time has come for India to build its own enduring financial engine for development.”

- TBG NETWORK

India is entering a decisive window of opportunity. We are already among the world’s largest economies, but to reach developed-economy status by 2047 we need structural, perpetual sources of long-term capital that go beyond the annual budget cycle,” he said.”The India Development and Strategic Fund would be a sovereign-anchored, professionally managed instrument that invests in both national capacity and strategic security.”CI's proposal is based on the recognition that India’s growth ambitions in infrastructure, energy transition, manufacturing, technology, and human development, will require funding ata scale that cannot be met by annual budgetary allocations alone. The Fund would help mobilise domestic and global savings and recycle national capital from mature assets into new productive capacity.As Banerjee explained, “This is not