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Sovereign Wealth Funds in India and Opportunities for Andersen network November 15, 2023
Published in: Articles
DISCLAIMER: The material contained in this publication is solely for information and general guidance and not for advertising or soliciting. The information provided does not constitute professional advice that may be required before acting on any matter. While every care has been taken in the preparation of this publication to ensure its accuracy, Vaish Associates Advocates neither assumes responsibility for any errors, which despite all precautions, may be found herein nor accepts any liability, and disclaims all responsibility, for any kind of loss or damage of any kind arising on account of anyone acting/ refraining to act by placing reliance upon the information contained in this publication.
SWFs are investment fund engines owned by the Government to achieve pre-determined objectives of the Government. The Government invests through SWFs, inter-alia, to diversify their assets, to secure better gains on their investment, to tap into new jurisdictions, to promote industrialization, etc.
The SWFs investment activities have grown substantially with SWFs having over USD 11.5 trillion in AUM as of February, 20231. In the first 2 (two) decades of the 21st century, the number of SWFs has jumped fivefold from 20 to more than 100 active SWFs2. Over the past decade, the investments by SWFs have increased in the Asian markets owing to wide range of opportunities in the emerging and developing markets.
In India as well, the growth of SWFs investments have been exceptional with SWFs increasing their direct investments in India at USD 6.712 billion in 2022 versus USD 3.797 Billion in 20213. By analysing multiple resources and databases, this paper seeks to give an overview of SWFs, their evolution, investment activities and their regulatory framework in India.
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