02.05.2011 - India: PSU-aided sovereign wealth fund in works
A government panel is considering forming an investment fund bankrolled by state-run companies to help India acquire large natural assets abroad, a government official has said. The committee of secretaries will discuss the composition and size of this fund later this month. "Yes, we had initially mooted this proposal about giving more financial powers to PSUs for buying assets abroad. It can also take the form of a sovereign wealth fund," said Department of Public Enterprises secretary Bhaskar Chatterjee..............................................Full Article: Source
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