Sun, Mar 1, 2015
A A A
Welcome preal121
RSS

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

India mulls new SWF to push acquisition of overseas assets

Posted on 05 September 2013

The government is mulling setting up a new company, loosely modeled on the concept of a sovereign wealth fund, to finance the acquisition of natural resource assets abroad. The proposed Indian Overseas Investment Corp Ltd (INOIC) will be wholly owned by the government and administered by the Ministry of Finance, officials said.
INOIC won’t be a sovereign wealth fund in the conventional sense, though it will invest in ownership of natural resource assets overseas. It will be a development finance institution with the mandate to provide equity and debt to public sector companies to secure natural resources abroad, they said………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 15806 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
March 2015
M T W T F S S
« Feb    
 1
2345678
9101112131415
16171819202122
23242526272829
3031