New Delhi, Dec. 23 -- The Union government is planning an equity infusion of Rs.30,000 crore in India's sovereign wealth fund, according to two people familiar with the development, signalling a continued focus on infrastructure development that has bolstered economic growth.

A note has been circulated for the consideration of the Expenditure Finance Committee (EFC) regarding the injection of capital into the National Investment and Infrastructure Fund (NIIF), according to the people quoted earlier, who spoke on the condition of anonymity.

Once the EFC chaired by expenditure secretary V. Vualnam approves the plan, a cabinet note will be circulated for approval, and an announcement is likely in the upcoming Union budget, the people said....