Three Canadian pension investment organizations are backing three government-backed infrastructure investment funds in India.

The Canada Pension Plan Investment Board, the Ontario Teachers’ Pension Plan and the Public Sector Pension Investment Board are among a group of investors backing the new infrastructure funds, which were announced by the Indian government in November.

The three funds, which are managed by National Investment and Infrastructure Fund Platform, have investments in 16 entities, including ports and logistics centres, renewable energy generation facilities, roads, digital infrastructure and health-care and manufacturing companies.

Read: PSP entering U.K. real estate partnership, Ontario Teachers’ reinvesting in Indian infrastructure fund  

In other news, the CPPIB is selling its stake in a holding company with significant infrastructure holdings in India.

The investment organization, which holds a 49 per cent share in the Larsen and Toubro Infrastructure Development Projects Ltd., will sell its interest in the fund to Epic Concesiones Private Ltd. for about $450 million. L&T IDPL’s namesake, Larsen and Toubro, will also be selling its 51 per cent share to the same company.

The CPPIB first invested in L&T IDPL in 2014. Since its initial investment, the company’s assets have grown to include operational toll annuity road concessions and power transmission lines throughout India.

Read: CPPIB investing through India infrastructure fund