New Delhi: The Confederation of Indian Industry (CII) on Sunday proposed the creation of an India Development and Strategic Fund (IDSF), a sovereign-backed, professionally-managed financial institution aimed at financing the country's long-term growth and securing its strategic future.

The IDSF is envisioned by the industry body as a twin-arm national fund that would mobilize patient, long-term capital to strengthen India’s productive capacity at home while securing critical economic and strategic interests abroad. Also Read | With Indian markets flat, retail investors make a beeline abroad

To be sure, the proposal comes on the heels of mounting challenges India faces both at home and abroad, from sustaining high-quality jobs and energy transition domestically, to navigating inten

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