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

Russia ready to help India in setting up sovereign wealth fund

Posted on 02 January 2013

Russia has expressed willingness to help India in setting up a sovereign wealth fund. The chief of the $ 10 billion-Russian Direct Investment Fund (RDIF) said it would be a good idea for India to have a sovereign wealth fund.
“Generally, we believe that India has quite a bit of potential if it were to set up a sovereign wealth fund because India is a huge economy with tremendous promise and we need to allocate capital, within and outside India, through partnerships, which we believe would be a good idea,” RDIF Chief Executive Officer Kirill Dmitriev said……………………………………….Full Article: Source


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