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India: Set up sovereign wealth fund to manage investments in PSUs

Posted on 25 August 2014

Apex public sector enterprises body SCOPE today suggested setting up a sovereign wealth fund to manage investments in state-owned units. “Globally, many countries have created sovereign wealth fund or sovereign holding structure for their state-owned enterprises for improving governance and deliverability.
“Therefore, there is need for structural change which could be arrived at by wide deliberations between academicians, researchers, professional and government and people at large. This would help in improving corporate governance practices and far better professionalization,” Standing Conference of Public Enterprises (SCOPE) Director General U D Choubey said in a statement………………………………………..Full Article: Source


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