17.11.2014 - Oman SWF-SBI JV to raise $250M to back ventures under 'Make in India' campaign
The fund was formed in 2011 with equal equity contribution from SBI and SGRF, one of Oman's sovereign wealth funds. A joint investment fund set up by SBI and Oman's sovereign fund will raise its corpus by $250 million for a special purpose vehicle (SPV) to capitalise on the new government's 'Make in India' initiative. "The ministerial India-Oman Joint Commission, has accorded a political go-ahead for the second tranche with modalities to be worked out by State Bank of India (SBI) and State General Reserve Fund (SGRF) for its launch at the earliest," Indian ambassador to Oman, J S Mukul said........................................Full Article: Source
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