24.04.2012 - India may get own version of sovereign wealth fund

The government plans to use disinvestment proceeds to set up its own version of a sovereign wealth fund (SWF) that will team up with state-run companies for acquiring overseas raw material and energy assets. A senior government official said about one-third of the proceeds from sale of government equity would be channelised into this fund, and it could also leverage its equity to raise debt, thereby increasing the corpus...............................................Full Article: Source

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