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

India govt plans sovereign fund to acquire foreign energy

Posted on 09 September 2011

The Planning Commission has proposed that India should set up a sovereign wealth fund with an initial corpus of $10 billion, mainly to invest in energy and mining assets abroad.
“Sovereign Wealth Fund is something that the finance ministry is looking at. We have suggested to start with $10 billion,” Planning Commission deputy chairman Montek Singh Ahluwalia told reporters here on the sidelines of a Ficci event……………………………………….Full Article: Source


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