Comments
Srei Infrastructure Finance Ltd, a Kanoria Foundation entity, has signed a memorandum of understanding with Vnesheconombank to create a $200 million ‘IT and Innovation Fund’.
Vnesheconombank is a Russian state development institution, which operates to enhance competitiveness of the Russian economy, diversify it and stimulate investment activity.
The IT and Innovation Fund will promote Indian-Russian cooperation in the area of IT technologies and innovation, Srei said in a press release.
SSrei and Vnesheconombank, through this fund, will explore investment opportunities in technology companies in Russia, India and selected regions.
“The fund will serve as a two-way bridge between the Indian and Russian markets and create opportunities for India-Russia cross-border technology cooperation,” Hemant Kanoria. CMD, Srei said as per the release.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.