PM Modi Welcomes AustralianSuper’s Fresh Investment in India’s Infrastructure Growth

New Delhi, July 2026: Prime Minister Narendra Modi on Thursday welcomed AustralianSuper’s decision to invest an additional 500 million Australian dollars in India’s National Investment and Infrastructure Fund (NIIF), describing it as another strong endorsement of India’s robust economic growth and reform-driven investment climate. The latest commitment raises AustralianSuper’s total investments in India across all asset classes to 3.3 billion Australian dollars, reinforcing the country’s position as a preferred destination for long-term global capital.

Taking to social media platform X, PM Modi said the investment reflected growing international confidence in India’s economic trajectory and highlighted the vast opportunities available for global investors.

“India welcomes the AU$500 million investment from AustralianSuper, announced by their Chief Executive, 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,” the Prime Minister posted.

The announcement was made on the sidelines of the Australia-India Annual Leaders’ Summit in Melbourne, where AustralianSuper Chief Executive Paul Schroder participated alongside business leaders from both countries. The investment is expected to further strengthen economic cooperation between India and Australia, particularly in infrastructure financing and long-term institutional investment.

The latest commitment builds on AustralianSuper’s initial investment of 240 million Australian dollars in the NIIF in 2019. According to the fund, that investment has emerged as one of its best-performing infrastructure assets, prompting it to significantly increase its exposure to the Indian market.

AustralianSuper Chief Investment Officer Shaun Manuell said the fund’s positive experience with the NIIF had reinforced its confidence in India’s long-term growth potential and stable policy environment.

“Our investment in NIIF has been one of our most successful partnerships, and we are pleased to expand our commitment to help generate strong returns for our members,” Manuell said. He added that the collaboration demonstrated the benefits of combining patient, long-term capital with supportive government policies, trusted institutions and strategic partnerships.

Explaining the rationale behind the fresh investment, Manuell noted that India’s rapidly expanding economy, growing middle class and investor-friendly reforms continue to make it one of the world’s most attractive investment destinations.

“India offers significant long-term opportunities, and the government has created an environment that enables institutional investors to deploy capital effectively. Those strengths remain intact, and we believe there is considerable potential for future growth,” he said.

Established in 2015 by the Government of India, the National Investment and Infrastructure Fund was created to attract global institutional capital for infrastructure development across sectors such as transportation, renewable energy, urban infrastructure and logistics.

Prior to the latest announcement, AustralianSuper had investments worth around 2.8 billion Australian dollars in India spanning infrastructure, listed equities and private markets. With the additional investment, the pension fund has further deepened its presence in one of the world’s fastest-growing major economies, underlining the growing confidence of international investors in India’s long-term development story.