| New Delhi will soon take a final call on the issue of setting up of a sovereign wealth fund (SWF). The idea of an Indian SWF has been going around since 2007 when China established its major sovereign wealth fund, China Investment Corporation (CIC), with an initial capital of $200 billion.
However, this time the proposal has received strong support from India’s corporate leaders who recently suggested the creating of a state-owned SWF primarily to secure access to natural resources and pursue strategic investment opportunities overseas...............................................Full Article: Source
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