From Reuters: India plans to launch an $11 billion fund to build infrastructure, with 40 percent of the corpus from overseas investors. The government proposes to raise $4.4 billion from overseas pension, insurance and sovereign wealth funds and the remainder from domestic institutions.
The decision to create the fund was taken at a meeting in New Delhi on Wednesday, headed by Planning Commission's deputy chairman, Montek Singh Ahluwalia, it said..............................................Full Article: Source
|