17.05.2010 - India to set up $11bln growth fund
From Indiatimes.com: The government plans to create a Rs 50,000-crore ($11 billion) dedicated fund to set right the country’s creaking infrastructure and could raise 40% of the corpus from overseas investors, launching yet another assault on a problem that has defied solution for long and cramped India’s growth potential. The government plans to raise Rs 20,000 crore, or $4.4 billion, from foreign pension, insurance and sovereign wealth funds, and the remainder from domestic institutions.............................................Full Article: Source
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