JBIC will contribute 51% of that figure, and India the rest, the Indian government said in an explanation.
The India-Japan Asset will target interest in feasible ventures in regions, for example, sustainable power, e-versatility and waste administration, the NIIF, sent off in 2015 as India's most memorable state-supported reserve, said in a proclamation.
It will likewise hope to help joint effort among Indian and Japanese firms in the midst of an "shaky world circumstance and issues, for example, a cut off store network," said Hayashi Nobumitsu, the legislative leader of the Japanese bank.
"Japanese organizations are progressively keen on entering the Indian market as a movement objective for a creation base or a speculation objective," he added.