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

India mulls setting up sovereign wealth fund news

Posted on 19 March 2010

From Domain-b.com: Constantly being out bid by sovereign fund-backed rival China for overseas energy acquisitions, despite foreign exchange reserves of $283.5 billion, India has finally realised the need to have a sovereign wealth fund to help its oil companies make much needed energy acquisitions overseas.
Such a fund would have proved valuable in acquiring foreign resources when the value of hydrocarbon assets had plunged due to the recession, with oil falling to a low of around $42 a barrel in late 2008 and early 2009………………………………..Full Article: Source

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