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

India to hold a meet on May 9 on proposed Sovereign Fund

Posted on 07 May 2012

The government will hold a meeting on May 9 to decide on setting up of proposed Sovereign Fund of India that could be used, among other things, to buy overseas assets for the benefit of the state-owned companies.
“A meeting of Secretaries of 10 government departments to decide on the nature of the Fund is slated on May 9. After this, the proposal has to be vetted by the Union Cabinet,” a top government official said………………………………………..Full Article: Source


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