09.11.2011 - India: Will a sovereign fund for energy work?
The energy crisis in India has hardly escaped anybody's attention in recent times. In the race to be an economic super power, it will not be an exaggeration to state that the country that expects to grow by leaps and bounds has to be extremely secure in terms of its energy requirements. The Government of India, while understanding the need, seems to be clueless about the way to ensure the same. A glaring example of this is the idea of setting up a sovereign wealth fund (SWF) with the aim of acquiring mineral and energy assets abroad...............................................Full Article: Source
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