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Informist, Monday, May 11, 2026

--NIIF MD: International pension funds only worried about hedging cost

--NIIF MD: Intl investors budgeting in 2-3% depreciation in rupee long term

--NIIF MD: Intl pension funds not particularly worried about rupee depreciation

--NIIF MD: Working on framework to help intl investors with hedging

NEW DELHI - Foreign pension funds are keen to invest in India and are not unduly worried about the depreciation of the rupee against the dollar, but are concerned about the hedging costs, according to National Investment and Infrastructure Fund Ltd. Managing Director and Chief Executive Officer Sanjiv Aggarwal.

"International investors are comfortable budgeting in 2-3% annual depreciation of the rupee over a long-term period," Aggarwal said, speaking at Confederation of Indian Industry's Annual Business Summit 2026. "... they (foreign pension funds) are not really worried about the depreciation of the rupee. But it has brought forth a conversation about how to hedge the dollar rupee risk," he said. "And we are now getting asked by large companies, our companies, to develop a strategy for giving them a hedged product."

The National Investment and Infrastructure Fund is an Indian government-backed entity established in 2015 to act as a collaborative investment platform for international and domestic investors. According to Aggarwal, international pension funds want to take large equity positions in businesses that require significant new construction. "They don't want to take a majority position. They want to come in with a partner," he said. 

Aggarwal said that if the Indian industry wants more equity from international investors, there needs to be a pipeline of auctions for strong, robust projects. Second, to do that, we need to speed up land acquisition, he said.  End

Reported by Priyasmita Dutta

Edited by Saji George Titus

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