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

India Govt to discuss Sovereign Wealth Fund this week

Posted on 24 April 2013

The Sovereign Wealth Fund (SWF) has been discussed several times in the past is now back on the table because government officials believe that India as a sovereign should acquire assets abroad especially in coal, oil and gold space. It is expected that a meeting later this week will be held between the Prime Minister, the National Security Advisor and officials of the finance ministry.
However, with wide current account deficit (CAD), forex reserve is a problem, so the the finance ministry is contemplating an option whereby forex reserves will not be used for the Sovereign Wealth Fund, on the other hand the fund can go ahead and raise its own capital with some amount of seed money………………………………………..Full Article: Source


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