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

India moots $10 bln sovereign wealth fund

Posted on 09 September 2011

Montek Singh AhluwaliaA government panel has proposed that India should set up a $10 billion sovereign wealth fund, a senior policy maker said Thursday, underscoring the fast-expanding economy’s intent to ready a warchest for securing global energy assets.
“There is a case for a small one [sovereign wealth fund]. The finance ministry has to look at it,” said Montek Singh Ahluwalia, deputy chairman of the Planning Commission, the top government think tank……………………………………….Full Article: Source


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