09.09.2013 - Gulf SWFs interested in Indian investments, PMO to take call on pre-conditions
The Prime Minister's Office would discuss modalities with key economic ministries to meet the pre-conditions set by the United Arab Emirates, Kuwait, Qatar and Saudi Arabia for parking part of their sovereign wealth funds (SWF) as foreign direct investments (FDI) in the country. The UAE has the largest SWF at $750 billion but scrutiny by Indian agencies in investments by telecom firm Etisalat and real estate developer Emaar has become "a sore point" for future commitment...............................................Full Article: Source
Print