Kolkata-based industrial major Srei may soon enter into energy business with hydro-carbon rich Russia as Delhi and Moscow have decided to expand their energy partnership.
Realizing the huge trade potential between India and Russia (which stood at USD 7.5 Billion in 2016-17), Srei have been on a constant look out for promising opportunities in infrastructureNSE -0.63 % finance, acquisitions, and partnerships with Russia.
Srei has set up a $200 million IT and Innovation Fund in partnership with Russian state lender- Vnesheconombank (a development bank in Russia) for promoting collaboration between India and Russia in the field of artificial intelligence, 3D, printing, and robotics among other areas. The first investment deals are expected to be rolled in the beginning of 2019. Read more