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Russia and India agreed: an investment of 1 billion dollars for joint infrastructure projects
During the official visit of Russian President Vladimir Putin to India, an agreement was signed on the implementation of joint investment projects between the Russian Direct Investment Fund and IDFC Lt, a leading group of Indian companies in the field of infrastructure investment.
In accordance with the Agreement, each of the parties will allocate up to 500 million dollars for the implementation of such investments.
According to Kirill Dmitriev, general director of the RFPI, IDFC has a unique experience of using concession mechanisms in the implementation of large infrastructure projects. The company will help the growing Russian market with its professional expertise in implementing investment projects in the transport industry.
Chairman of the Board of Directors of IFDC Rajiv Lall, in turn, confirms this statement: “We are looking forward to the opportunity to apply our knowledge and experience to implement infrastructure projects in Russia and India as soon as possible”.
The signed agreement greatly contributes to the strengthening of economic cooperation between Russia and India, and infrastructure projects are an important part of this process.