2 Little Deals in India That Prove Sovereign Wealth Funds are Serious
Increasingly, sovereign wealth funds are participating in varying segments of India’s markets whether in startups, real estate development or infrastructure. For example, Singaporean sovereign funds have participated in investment rounds in e-commerce companies such as Snapdeal and Flipkart. On a higher level, government officials from India are contemplating trade ideas with surrounding countries. On April 13th, Obaid Humaid Al Tayer, Minister of State for Financial Affairs of the United Arab Emirates met with Indian State Finance Minister Jayant Sinha to discuss greater economic cooperation between their two countries. To put things into perspective, in the 1970s, trade between India and the UAE amounted to US$ 180 million. For UAE fiscal year 2012-2013, trade between the two countries is around US$ 75 billion.
Sovereign Wealth Fund Investment
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