17.03.2010 - India said to propose sovereign fund for oil assets
From Bloomberg: India, with $254 billion of foreign-exchange reserves, may create a sovereign wealth fund to help state companies compete for overseas energy assets with China, a government official said. The oil ministry has formally asked the finance ministry to set up a fund using a part of the reserves, the official said, declining to be identified because a decision hasnít been reached. The size of the fund is yet to be determined, he said........................................Full Article: Source
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