AustralianSuper, Australia’s largest pension fund, said it will invest an additional A$500 million in India’s National Investment and Infrastructure Fund(NIIF), expanding its exposure to India as Prime Minister Narendra Modi visited Melbourne for the Australia-India Annual Leaders’ Summit.
Modi welcomed the move on X, describing it as another sign of “global confidence” in India’s growth and reform trajectory. The announcement came alongside the Australia-India CEO Forum, where AustralianSuper Chief Executive Paul Schroder said the fund’s experience in India had been shaped by long-term policy and institutional partnerships.
The new commitment builds on AustralianSuper’s A$240 million investment in NIIF made seven years ago, according to reporting on the announcement. The fund said the fresh allocation takes its total India exposure to A$3.3 billion across infrastructure, listed equities and private markets.
The investment was announced during a broader summit between Modi and Australian Prime Minister Anthony Albanese, where the leaders discussed trade, defence, security and critical minerals. NIIF was established by the Indian government in 2015 to attract long-term institutional capital into infrastructure.
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
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