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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, People

Pranab calls for top priority to India-Saudi investment fund

Posted on 06 January 2012

With India eyeing an investment of nearly $1 trillion over the next 5-7 years, Finance Minister Pranab Mukherjee pitches for focussing on the proposed $ 750-million fund to be set up in cooperation with Saudi Arabia for development of infrastructure, promotion of joint exploration and production of hydrocarbons.
The investment fund, “to be jointly set up by the Public Investment Fund, Saudi Arabia, and a counterpart Indian agency, needs to be given high priority as it is mutually beneficial,” Mr. Mukherjee said in his opening remarks at the 9th India-Saudi Arabia Joint Commission meeting……………………………………….Full Article: Source


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