Bain to advise Saudi sovereign wealth fund PIF on its India investment plan
Saudi Arabia's sovereign wealth fund, Public Investment Fund (PIF), has tasked Bain and Company to firm up an India strategy as part of its plan to exploit various investment opportunities in the infrastructure sector. PIF has assets of around USD 600 billion under management, and building “strategic economic partnerships" is one of its core objectives. The fund is looking to scout for opportunities in India after high global crude oil prices shored up Saudi Arabia's revenue.
Want to receive such news items in your inbox? Click Here to sign up for a trial.