Showing posts with label India's sovereign wealth fund. Show all posts
Showing posts with label India's sovereign wealth fund. Show all posts

Thursday, August 25, 2011

India's sovereign wealth fund plans gaining momentum

India's sovereign wealth fund plans are gaining momentum. The proposed USD 10 billion fund will shop for energy assets including crude oil, gas and coal, reports CNBC-TV18s Aakansha Sethi.

It has been on the table since 2010 as a very important strategic initiative. It was first proposed by the Planning Commission to support Indians energy security and its growth plans by acquiring energy assets abroad.