News: Norwegian funds set eyes on India

(TV18 23/03/2006) Mumbai - After Japanese and Korean funds, it's the turn of Norwegian funds to train sights on India. The world's second largest fund, the USD250 billion Norwegian Petroleum Insurance Fund invests nearly 5% or USD12.5 billion in emerging markets.

Governor of the Central Bank of Norway who heads the fund, told CNBC-TV18 that they are stepping up their India exposure.

He also said that the fund will focus on sectors that are likely to gain from growing household sectors.