Indian government proposesoverseas coal asset sovereign fund

摘要

New Delhi - India’s coal ministry has proposed creatinga sovereign wealth fund for acquiring coal assets abroad,Coal Minister Sriprakash Jaiswal told an industry event inNew Delhi Friday.Jaiswal said that even though state-owned producer CoalIndia Ltd. has surplus resources for investing abroad, “it isimportant to have financial support from the government foracquiring very large assets abroad.”