09.09.2011 - India govt plans sovereign fund to acquire foreign energy
The Planning Commission has proposed that India should set up a sovereign wealth fund with an initial corpus of $10 billion, mainly to invest in energy and mining assets abroad. “Sovereign Wealth Fund is something that the finance ministry is looking at. We have suggested to start with $10 billion,” Planning Commission deputy chairman Montek Singh Ahluwalia told reporters here on the sidelines of a Ficci event..............................................Full Article: Source
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