Mon, Oct 20, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

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

India govt plans sovereign wealth fund

Posted on 17 September 2013

The government is setting up a company — India Overseas Investment Corporation (INOIC) — under the finance ministry on the lines of a sovereign wealth fund to lend financial muscle for securing access to overseas natural resources.
A concept note prepared by the ministry goes beyond the conventional reasons of acquiring energy assets to justify the need for INOIC. “Other key areas such as food security (also ) requires access to fertilizers to augment food stocks as well as to enhance farm productivity,” the note said. With INOIC, India will join a select group of economies such as US, Russia, China, South Korea, Singapore, Malaysia, Brunei, Qatar and UAE that have pushed overseas acquisitions and business through such funds………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 14980 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
October 2014
M T W T F S S
« Sep    
 12345
6789101112
13141516171819
20212223242526
2728293031