There is a call for India to create a sovereign wealth fund. We look at the risks and the rewards
Oil Companies Want It
Creating a sovereign wealth fund (SWF) will allow India’s forex reserves to be used for investment in oil assets. There are about 37 major sovereign funds worldwide — about two-thirds of this money comes from oil and gas revenue. The most successful examples of SWFs are those from Norway, Kuwait and Brunei.
(This story appears in the 16 April, 2010 issue of Forbes India. To visit our Archives, click here.)