GOVERNMENT OF INDIA
Ministry of Finance
DEPARTMENT OF ECONOMIC AFFAIRS
UNSTARRED QUESTION NO.43
TO BE ANSWERED ON 22ND NOVEMBER 2011/ AGRAHAYNA 1, 1933 (SAKA)
Proposal for Sovereign Wealth Fund
43: SHRI RAJEEV CHANDRASEKHAR
Will the minister of FINANCE be pleased to state:-
(a) Whether it is a fact that government has decided to set up a 10 billion dollar Sovereign Wealth Fund (SWF) to acquire energy assets abroad;
(b) if so, the details thereof; and
(c) The present status of the proposal?
SHRI NAMO NARAIN MEENA
MINISTER OF STATE IN THE MINISTRY OF FINANCE
(a) To (c): No final decision has been taken by the Government in this matter. The issues regarding the establishment of a Sovereign Wealth Fund are under discussion.