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Vibrant Gujarat summit: Modi to address roundtable on sovereignty fund
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SME Times News Bureau | 08 Jan, 2019
Prime Minister Narendra Modi will be addressing the first ever
roundtable conference on various public funds to be utilised for
investment purposes during the Vibrant Gujarat summit 2019, an official
has said.
Modi will be addressing the conference on utilisation
of various public funds like the sovereignty wealth funds, pension funds
and other such various funds institutions for investment purposes, the
official said on Monday.
"For the first time, we will be holding a
roundtable conference for discussions on utilisation of sovereign
wealth funds, pension funds and such other similar public funds which
can be utilised for investment purposes for infrastructure sector. We
have invited around 27 such prominent institutions for the event,"
Additional Chief Secretary, Finance, Arvind Agarwal told the media.
The
Union Finance Ministry, Gujarat government and the National Investment
and Infrastructure Fund (NIIF) would be organising this conference
jointly. There would be discussions on the subject by eminent financial
experts from all these institutes.
"The participants will be
appraised about various economical reforms initiated by the Central
government in the past five years. These financial institutions have
funds in trillions of dollars, which can be utilised to set up
infrastructures for airports, shipping ports, rail, roads and other
urban infrastructure, industrial infrastructure in various projects in
the country," Agarwal said.
During the conference, there would
be a display of prospective Mega projects in Gujarat through an
exhibition in the summit, he added.
Reserve Bank of India (RBI) Governor Shaktikanta Das and Finance Ministry Secretary Subhash Chandra Garg would also be present.
Major
financial institutions like Government Pension Investment Fund (GPIF)
of Japan, the British Columbia Investment Management Corporation
(BCIMC), the Ontario Municipal Employment Retirement System, PSP
Investments and CPPIB, International Finance Corporation IFC, Asian
infrastructure investment bank (AIIB), the Japan Bank for International
Cooperation (JBIC), the Pacific Investment Management Company, Vanguard,
IFU, Allianze will also be sending their representatives and officials
to the conference.
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