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

India plans $10 bln sovereign fund, Singh’s adviser says

Posted on 21 July 2011

Montek Singh AhluwaliaIndia is considering a plan to set aside $10 billion from its foreign-exchange reserves and create a sovereign wealth fund to secure energy assets overseas, an aide to Prime Minister Manmohan Singh said.
“The idea of a sovereign wealth fund really boils down to sequestering a certain amount of your foreign-exchange reserves,” Montek Singh Ahluwalia, deputy chairman of India’s Planning Commission, said………………………………………Full Article: Source


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