India To Compete With China For Energy Assets?

Calls for the formation of India's first Sovereign Wealth Fund (SWF) are strengthening from within the Asian nation. While Chinese firms are busy feeding their nation's growing demand for energy by buying up mineral assets across the globe, a number of local Indian energy firms are becoming increasingly concerned that they are being left behind in the race to secure assets. To counter this, the Indian oil ministry has formally asked the finance ministry to set up a fund which uses a proportion of these reserves.

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