Kerala Infrastructure Investment Fund Board

Overview

Established in 1999 under the Kerala Infrastructure Investment Fund Act, the Kerala Infrastructure Investment Fund Board (KIIFB) is a statutory body under the Finance Department of the Government of Kerala. Its primary objective is to mobilize funds for infrastructure development within the state, focusing on sectors such as transport, water sanitation, energy, social and commercial infrastructure, and IT and telecommunication. KIIFB acts as the nodal agency for scrutinizing, approving, and funding major infrastructure projects, including public-private partnership (PPP) initiatives. KIIFB's investment strategy encompasses a wide range of stages, including growth, late stage, pre-IPO, buyout, turnaround, and distressed investments. The fund's geographical focus is primarily on India, with a particular emphasis on the state of Kerala. The industries targeted for investment include transport, water sanitation, energy, social and commercial infrastructure, and IT and telecommunication. KIIFB's investment size ranges from a minimum of $1 billion to a maximum of $5 billion. Over the years, KIIFB has approved numerous major infrastructure projects, contributing significantly to the development of Kerala's infrastructure landscape. The fund's activities are guided by a commitment to sustainable development and the enhancement of the state's economic growth through strategic infrastructure investments.

Investment Focus

• Projects must be located within Kerala, India
• Projects should align with KIIFB's focus sectors
• Preference for public-private partnership models

Portfolio Companies