08.05.2012 - India's proposed SWF to invest in Australian coal assets
To boost Indian investment in Australia, miners and power companies are asking the government to establish a sovereign wealth fund, to be used to buy mines and build infrastructure. ''Because of the rupee's sliding [value], [and general] economic gloom, getting US-dollar funding for acquisitions at competitive rates is a challenge,'' GMR Energy head of coal Ashis Basu said...............................................Full Article: Source
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