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

India: Govt says no to sovereign wealth fund

Posted on 09 August 2010

From Business-standard.com: The government today said it had examined a proposal to set up a $5-billion sovereign wealth fund for financing overseas acquisitions by companies but decided against it.
In response to a question in the Lok Sabha, Minister of State for Finance Namo Narain Meena said that it was felt at that time that a number of avenues for funding of overseas acquisitions was available and money was not the primary constraint for Indian companies……………………………………….Full Article: Source

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