At a time when the Government is shying away from crucial pension reforms, some of the world’s largest pension and institutional fund managers, managing over 5 trillion dollars in assets, have landed in New Delhi to spend this week studying the phenomenon that is India.Their intent: understand and appreciate the gallop of the Indian economy, the state of play in important sectors, the bottlenecks that could be future opportunities like infrastructure.Close to 60 representatives from 50 institutions, including private equity investors and state treasuries, largely from the US and some from the Netherlands, Switzerland, Canada and UAE arrived here yesterday under a common platform called the World Pension Forum. These influential investors—among them is California State Teachers Retirement System, the fourth largest in the world—kicked off their Indian “education” with a session on “Creating a Framework Of Investments in India” with panelists such as Ashwini Gupta of Honeywell Industries and Anil Shrikhande of Boeing.They later discussed India’s energy scenario with TERI’s Dr R K Pachauri, Power Trading Corporation CMD T N Thakur and Vikram Mehta from the Shell Group of Industries. Tomorrow, they will be familiarising themselves with India’s foreign policy and corporate governance standards before meeting the US ambassador to India, Robert Mulford. Although this is only a “recce” tour for the investors, the seriousness of their interest in India is reflected in the label they have put on this series of meetings. They have called it “Pension Passage to India”. If only the Left parties could share their optimism about the Indian stockmarket as an avenue for pension fund investments. Be that as it may, their arrival is a positive omen for the Indian markets and economy. Look who’s here