02.01.2013 - Russia ready to help India in setting up sovereign wealth fund
Russia has expressed willingness to help India in setting up a sovereign wealth fund. The chief of the $ 10 billion-Russian Direct Investment Fund (RDIF) said it would be a good idea for India to have a sovereign wealth fund. "Generally, we believe that India has quite a bit of potential if it were to set up a sovereign wealth fund because India is a huge economy with tremendous promise and we need to allocate capital, within and outside India, through partnerships, which we believe would be a good idea," RDIF Chief Executive Officer Kirill Dmitriev said..............................................Full Article: Source
Print