Sovereign wealth funds likely to make big investment decision in Indian market at Global Wealth conference
2 min read 26 May 2023, 10:31 PM ISTIndia will be attending the global wealth conference of Sovereign Wealth Fund Institute. SWFI said, $10 billion India-focused fund to be launched.
PremiumThe Sovereign Wealth Fund Institute (SWFI) is set to launch its Global Wealth Conference (GWC) on May 31st in London. During this meeting, investors are expected to redefine the future of investing, and most likely major investment decisions may take place for the Indian market. SWFI said a whopping $10 billion India-focused fund is to be launched at the conference.
The conference will continue till June 1st. The GWC platform has attracted some of the world’s largest pools of capital, some of which are coming from India.
According to SWFI, sovereign wealth funds globally see India as a destination for direct investments.
In 2022, the sovereign wealth funds directly invested $ 6.714 billion into India in 2022, compared to just $ 4.3 billion in 2021. SWFI said, this analysis excludes fund commitments.
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Notably, Sovereign wealth funds such as Mubadala Investment Company, Abu Dhabi Investment Authority, GIC Private Limited, Qatar Investment Authority, Kuwait Investment Authority, Norway Government Pension Fund Global, and others continue to allocate capital directly into India based on SWFI transaction data.
Lakshmi Narayanan, Chairman of the Sovereign Wealth Fund Institute said, “Global Wealth Conference presents an exceptional platform for GCC countries and prominent business entities to highlight and exchange a multitude of business opportunities with institutional investors, fostering capital inflow and forging strategic partnerships. According to SWFI research, India is a desired destination for SWF capital, and having Indian entities participate can directly drive more capital into the country."
In regards to India, Michael Maduell, President of the Sovereign Wealth Fund Institute, said the country's remarkable ascent as a global powerhouse is indisputably bolstered by the invaluable contributions of sovereign wealth funds and pension capital, as extensively validated by our comprehensive research data.
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Maduell added that "a key catalyst behind this success lies in the government's commendable efforts to facilitate seamless access to lucrative opportunities for foreign investors. Thus, the significance of eminent gatherings like the Global Wealth Conference (GWC) becomes paramount, serving as an influential platform where asset owners, governments, and astute fund managers converge to forge fruitful alliances."
The conference will be attended by 40 sovereign wealth funds, 50+ family offices from around the world, 30+ pension and public funds, 50+ institutional global asset managers, and 30+ prominent personalities from royal families to policymakers.
