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

India’s proposed SWF to invest in Australian coal assets

Posted on 08 May 2012

To boost Indian investment in Australia, miners and power companies are asking the government to establish a sovereign wealth fund, to be used to buy mines and build infrastructure.
”Because of the rupee’s sliding [value], [and general] economic gloom, getting US-dollar funding for acquisitions at competitive rates is a challenge,” GMR Energy head of coal Ashis Basu said………………………………………..Full Article: Source


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