India Mulls 10 Billion Strategic Energy Fund

From Wall Street Journal

India’s government is considering the formation of a strategic energy fund to help secure supplies of raw materials such as coal and crude oil to sustain the nation’s economic expansion.

Such a fund likely would begin with $10 billion and would be India’s first attempt at a government-backed investment vehicle – a model that has been used for years by other emerging-market nations including China and Singapore.

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© 2013 Energy Tribune

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