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Vibrant Gujarat summit: Modi to address roundtable on sovereignty fund

IANS  |  Gandhinagar 

will be addressing the first ever roundtable conference on various public funds to be utilised for investment purposes during the summit 2019, an 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 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, told the media.

The Union Ministry, government and the (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 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, in various projects in the country," Agarwal said.

During the conference, there would be a display of prospective Mega projects in through an exhibition in the summit, he added.

Reserve Bank of (RBI) and Ministry would also be present.

Major financial institutions like (GPIF) of Japan, the British Columbia Investment Management Corporation (BCIMC), the Ontario Municipal Employment Retirement System, and CPPIB, International Corporation IFC, Asian (AIIB), the Bank for International Cooperation (JBIC), the Pacific Investment Management Company, Vanguard, IFU, Allianze will also be sending their representatives and officials to the conference.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 08 2019. 02:00 IST
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