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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

India seeks Kuwaiti investment in infra

Posted on 12 March 2013

India on Monday impressed upon Kuwait which has Sovereign Wealth Fund of USD 300 billion to look at huge investment opportunity in the infrastructure sector. The issue was raised by Commerce and Industry Minister Anand Sharma during his meeting with Kuwaiti Minister for Amiri Dewan Affairs Sheikh Nasser Sabah Al-Ahmad Al-Jaber Al Sabah, an official said.
Kuwait has a Sovereign Fund of over USD 300 billion which is growing by USD 15-25 billion every year. The fund is managed by Kuwait Investment Authority (KIA). Sharma informed him that during the 12th Five-Year plan (2012-2017), India plans to spend around USD 1 trillion on infrastructure………………………………………..Full Article: Source


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