Industry lobby CII on Sunday urged the government to establish a professionally managed India Development and Strategic Fund to finance the country’s long-term growth, resilience, and secure critical economic interests abroad.
India needs a twin-armed India Development and Strategic Fund (IDSF) to power growth and secure the country’s strategic future, the Confederation of Indian Industry (CII) said.
Conceived as a national fund, IDSF would mobilise patient, long-horizon capital to build India’s productive capacity at home and secure critical economic interests abroad, it added.
CII believes that with disciplined design and funding, IDSF could, over the next two decades, build a managed corpus in the range of USD 1.3 to 2.6 trillion by 2047, comparable in ambition and credibility to the world’s leading sovereign investors.
The proposed capitalisation roadmap includes a modest initial budgetary allocation to establish credibility, followed by systematic channelling of a share of ass​Industry lobby CII on Sunday urged the government to establish a professionally managed India Development and Strategic Fund to finance the country’s long-term growth, resilience, and secure critical economic interests abroad.
India needs a twin-armed India Development and Strategic Fund (IDSF) to power growth and secure the country’s strategic future, the Confederation of Indian Industry (CII) said.
Conceived as a national fund, IDSF would mobilise patient, long-horizon capital to build India’s productive capacity at home and secure critical economic interests abroad, it added.
CII believes that with disciplined design and funding, IDSF could, over the next two decades, build a managed corpus in the range of USD 1.3 to 2.6 trillion by 2047, comparable in ambition and credibility to the world’s leading sovereign investors.
The proposed capitalisation roadmap includes a modest initial budgetary allocation to establish credibility, followed by systematic channelling of a share of ass ​Latest News [ SOBAN NEWS: International and National ]
