Question
Which country's Sovereign Wealth Fund has become the first Sovereign Worth Fund to invest in India?
Solution
Abu Dhabi Investment Authority (ADIA), the largest sovereign wealth fund in the UAE, plans to set up a $4-5 billion fund in India through GIFT City in Gujarat. ADIA has received in-principle approval from the regulatory authority at GIFT City. ADIA will be the first sovereign wealth fund to invest in India via GIFT City.
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