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

Apex business chamber CII on Sunday proposed the creation of an India Development and Strategic Fund (IDSF) as a sovereign-backed, professionally managed institution to finance India’s long-term growth, resilience and global economic security.

- AGENCIES

Conceived 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, according to a CII statement.

The IDSF is envisaged as comprising two distinct but coordinated arms. The Developmental Investment Arm would focus on financing long-gestation domestic priorities such as infrastructure, clean energy, logistics, industrial corridors, MSME scale-up, education & skilling, healthcare and urban infrastructure.