Bullish on the Indian economy, Russia’s sovereign wealth fund RDIF plans to invest in the country’s infrastructure and technology sectors, according to a senior official.
The Russian Direct Investment Fund (RDIF), which has reserved capital of $10 billion under management, is also looking for more investments in technology and other sectors in India through its portfolio companies.
“In the next 12 months, our investment through portfolio companies would be more than $100 million. Definitely, we believe that it can increase more,” RDIF Chief Executive Officer Kirill Dmitriev said in an interview.
Noting that the fund will encourage more technological cooperation between Russia and India, he said there is a big opportunity for more investments in technology. Read More
Latest posts by ET Energy World (see all)
- Why give free power to rich Haryana and Punjab farmers: HC - May 21, 2019
- New layouts to reserve 0.5% land for power infrastructure - May 21, 2019
- Adani Green Energy, ReNew Power only bidders in hybrid auction - May 21, 2019