CPPIB to invest up to $600-million in India’s National Investment and Infrastructure Fund

to invest alongside the Master Fund, Canada Pension Plan Investment Board said in a statement on Thursday.

The NIIF is majority-owned by institutional investors, but says is anchored by India’s government, which is also an investor in its Master Fund.India needs investments worth about $778 billion for highways, urban transport and renewable energy by 2022, according to the India Brand Equity Foundation, a government body.Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening.

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