OIJIF to raise $350 million
The Oman India Joint Investment Fund (OIJIF) will be raising about $350 million for a new fund, according to a source. An equal joint venture between State Bank of India (SBI) and State General Reserve Fund (SGRF), OIJIF will start raising money from December. SGRF is Oman´s sovereign wealth fund.
Foreign investment inflow to double
Foreign investment in the Indian economy is expected to more than double, with inflows from both foreign direct investment and foreign institutional investors set to surge above $60 billion in the current financial year, compared with the $29 billion in 2013-14, an ASSOCHAM note has projected.
Expectations from the New Government
Devendra Kumar Vyas, Chief Executive Officer at SREI BNP Paribas pens down the wish list of expectations from the new government. With the National Democratic Alliance (NDA) having formed the government, industry expectations are high that the new Prime Minister will be able to lead the economy out of the low growth era through decisive governance.
The new alternative
Despite sluggishness in the infrastructure sector, Alternate Investment Funds managed to attract the maximum amount of investments during the year,
Economy to grow by 6.5 per cent
India's economy will grow by 6.5 per cent over the next four years if there is a decisive mandate in the general elections, CRISIL said. But if there is no clear mandate, the economy could derail further.More than election outcomes,
Rs 3.3 lakh crore invested in 113 projects
Initial numbers flowing into the cabinet secretariat suggest that nearly 90 per cent of the investment in large projects, which were held up and have now been cleared, have materialised.
Saudi Arabia, India formalise $750m investment fund
Saudi Arabia and India have formalized the structuring of the $750-million Saudi-Indian Investment Fund that was announced during the PM's visit to Riyadh in 2010. Other Gulf nations including Kuwait, Abu Dhabi and several other sovereign wealth funds from across the globe including Japan, UAE, Norway, Canada have also shown interest in investing in India´s infrastructure projects including the Delhi Mumbai Industrial Corridor, power projects, toll bridges, civil aviation and oil & gas projects.