In order to assess the eligibility of an entity to be registered as FII or as Foreign Venture Capital Investor, SEBI takes into account all factors relevant to the grant of a certificate and in particular the applicant's track record, professional competence, financial soundness, experience, general reputation of fairness and integrity as well as the fact whether the applicant is regulated by an appropriate foreign regulatory authority.
In brief, India is yet to consider a policy addressing investments by SWFs, except as a part of due diligence in regard to all investors.