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

India: ‘No plans now to set up sovereign wealth fund’

Posted on 14 July 2014

India is not looking to set up any sovereign wealth fund (SWF) for now, Finance Secretary Arvind Mayarm has said. “We don’t think we have reached a stage where we can now commit our forex reserves to a SWF and start investing all around the world,” he said.
Mayaram’s remarks are significant as it is the first time since the new Government assumed charge that a senior Finance Ministry official was commenting on the matter of sovereign wealth fund………………………………………..Full Article: Source


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