Sunday, February 17, 2013

India planning to tap UAE SWFs


India is wooing some of the world’s largest sovereign wealth funds, including the Abu Dhabi Investment Authority (ADIA), as the private equity funds explore investment opportunities in India.

Abu Dhabi Investment Authority (ADIA) is one of the largest sovereign wealth funds in the world with assets reported to be $ 627 billion.

India’s Minister of Commerce, Industry and Textiles Anand Sharma left Saturday for a two-day visit to United Arab Emirates where he will co-chair the first meeting of a high-level task force on investment with UAE on Monday, apart from substantive bilateral meetings.

Read more: http://www.saudigazette.com.sa/index.cfm?method=home.regcon&contentid=20130217153464

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