AustralianSuper commits AU$500 million more to India's NIIF, PM Modi calls it vote of confidence

New Delhi: AustralianSuper, Australia's largest pension fund, will invest an additional AU$500 million in India's National Investment and Infrastructure Fund (NIIF), taking its total investments in India across all asset classes to AU$3.3 billion. Prime Minister Narendra Modi welcomed the announcement, calling it another sign of growing global confidence in India's economic prospects. "India welcomes the AU$500 million investment from AustralianSuper, announced by their Chief Executive, Mr. Paul Schroder this morning in Melbourne. This is yet another glimpse of the global confidence in India's growth and reform trajectory. It also reflects the immense opportunities that our dynamic economy offers global investors," Modi said in a post on X. India welcomes the AU$500 million investment from AustralianSuper, announced by their Chief Executive, Mr. Paul Schroder this morning in Melbourne. This is yet another glimpse of the global confidence in India’s growth and reform trajectory. It also reflects the immense… — Narendra Modi (@narendramodi) July 9, 2026 The fresh investment builds on AustralianSuper's initial AU$240 million commitment to NIIF in 2019, an investment the fund described as one of its best-performing infrastructure assets. The announcement was made as AustralianSuper Chief Executive Paul Schroder attended the Australia-India Annual Leaders' Summit in Melbourne, highlighting the growing strategic and economic engagement between the two countries. AustralianSuper said its experience with NIIF had reinforced its confidence in India's long-term infrastructure story. "AustralianSuper's investment in the NIIF has been one of our most successful partnerships and that's why we're excited to invest again to help drive returns for members," Chief Investment Officer Shaun Manuell said. "Our experience with NIIF demonstrates what can be achieved when long-term capital is combined with visionary policy, trusted institutions and strong partnerships," he added. Manuell said India's economic fundamentals and policy environment continued to make the country attractive for long-term institutional investors. "India is an attractive place to invest due to its strong economic growth and expanding middle class, and the Indian government has made it easier for institutions to deploy capital successfully," he said. "AustralianSuper is making a second investment in the NIIF because those fundamental strengths are still there and we see the potential for more returns for members." Established by the Government of India in 2015, NIIF was created to mobilise long-term domestic and international capital for infrastructure development. It has attracted investments from sovereign wealth funds, pension funds and institutional investors from across the world. Before the latest commitment, AustralianSuper had about AU$2.8 billion invested in India across infrastructure, listed equities and private markets. With the additional NIIF investment, the fund's total exposure to India will rise to AU$3.3 billion. The announcement comes as India continues to position itself as a preferred destination for long-term global capital, supported by sustained economic growth, infrastructure spending and policy reforms aimed at attracting foreign institutional investment.