| With an eye on Kuwait’s $350-billion sovereign wealth fund, India has extended proposals to the West Asian country for investing up to $80 billion in India through debt instruments. India has also offered stakes in some of its petrochemical projects.
In a bilateral meeting between Petroleum Minister M Veerappa Moily and Kuwait Oil Minister Mustafa Al-Shimali on Saturday, India invited Kuwait to invest in India through debt instruments such as government securities and corporate bonds. While the limit for foreign investments through government securities is $30 billion, the maximum investment through corporate bonds is capped at $50 billion...............................................Full Article: Source
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