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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

India govt mulls SWF to buy oil, gas blocks abroad

Posted on 23 December 2010

From Financialexpress.com: The government is planning to set up a sovereign wealth fund (SWF) to acquire oil and gas blocks abroad and is taking serious steps to encourage both state-owned and private players to buy energy assets in other countries, government officials said.
“The National Manufacturing Competitiveness Council is examining the feasibility of setting up an SWF to acquire raw materials and assets from abroad not only in the energy industry but across all sectors. We are awaiting their recommendations,” said Vivek Kumar, joint secretary, petroleum ministry………………………………………Full Article: Source


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