26.08.2011 - India: Sovereign fund strategy
The government recently tossed up the idea of becoming a direct overseas investor by setting up a sovereign wealth fund. The strongest argument in support of this is that the country imports 80% of its oil needs. There is, therefore, an overwhelming need to acquire oil and gas assets overseas to boost energy security. This task is not easy since it requires the kind of resources that are often beyond the scope of individual companies..............................................Full Article: Source
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