20.07.2012 - India-Oman fund identifies three projects for investment
The India-Oman Joint Investment Fund, which was created earlier this year with an initial corpus of $100 million, has identified three projects in India for investment. “We have identified three projects which are based in India," Sheikh Humaid Bin Ali Bin Sultan Al-mani, ambassador of the Sultanate of Oman in New Delhi, said. “The fund, which was jointly formed by the State General Reserve Fund (SGRF) of Oman and India’s largest bank, State Bank of India (SBI), has a scope for expanding the size of the corpus to as high as $1.5 billion. Last month, a meeting was held in Mumbai to discuss the projects that could be (initiated) under the corpus fund...............................................Full Article: Source
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