You are here: Home » News-IANS » Business-Economy
Business Standard

India, Russia ink investment pacts on infrastructure, Kamov choppers

IANS  |  Benaulim (Goa) 

and on Saturday decided to speed up a $1-bn fund as a part of their partnership to boost infrastructure and signed an agreement to jointly manufacture choppers under the Make in initiative, among others.

"Our efforts for early setting up of an investment fund of $1 billion between National Investment and Infrastructure Fund (NIIF) and Direct Investment Fund (RDIF) will help advance our infrastructure partnership," Prime Minister Narendra Modi said during a joint press conference with Russian President Vladimir Putin.

The announcements came during the ongoing 8th BRICS (Brazil, Russia, India, China, South Africa) Summit here.

The agreements also included manufacturing of Kamov 226T helicopters and construction of frigates in accordance with the Make in objective.

On the sidelines of the event, Russia's Rosneft and an investment consortium led by European commodities trader Trafigura and Russian fund United Capital Partners, announced the signing of a pact to acquire a 98 per cent stake in India's second biggest private oil firm Essar Oil for $10.9 billion, pegged as the single largest foreign direct investment ever.

The two countries witnessed exchange of 16 agreements across various sectors.

--IANS

mm-ap/nir/bg

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

RECOMMENDED FOR YOU

India, Russia ink investment pacts on infrastructure, Kamov choppers

India and Russia on Saturday decided to speed up a $1-bn fund as a part of their partnership to boost infrastructure and signed an agreement to jointly manufacture choppers under the Make in India initiative, among others.

and on Saturday decided to speed up a $1-bn fund as a part of their partnership to boost infrastructure and signed an agreement to jointly manufacture choppers under the Make in initiative, among others.

"Our efforts for early setting up of an investment fund of $1 billion between National Investment and Infrastructure Fund (NIIF) and Direct Investment Fund (RDIF) will help advance our infrastructure partnership," Prime Minister Narendra Modi said during a joint press conference with Russian President Vladimir Putin.

The announcements came during the ongoing 8th BRICS (Brazil, Russia, India, China, South Africa) Summit here.

The agreements also included manufacturing of Kamov 226T helicopters and construction of frigates in accordance with the Make in objective.

On the sidelines of the event, Russia's Rosneft and an investment consortium led by European commodities trader Trafigura and Russian fund United Capital Partners, announced the signing of a pact to acquire a 98 per cent stake in India's second biggest private oil firm Essar Oil for $10.9 billion, pegged as the single largest foreign direct investment ever.

The two countries witnessed exchange of 16 agreements across various sectors.

--IANS

mm-ap/nir/bg

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

India, Russia ink investment pacts on infrastructure, Kamov choppers

and on Saturday decided to speed up a $1-bn fund as a part of their partnership to boost infrastructure and signed an agreement to jointly manufacture choppers under the Make in initiative, among others.

"Our efforts for early setting up of an investment fund of $1 billion between National Investment and Infrastructure Fund (NIIF) and Direct Investment Fund (RDIF) will help advance our infrastructure partnership," Prime Minister Narendra Modi said during a joint press conference with Russian President Vladimir Putin.

The announcements came during the ongoing 8th BRICS (Brazil, Russia, India, China, South Africa) Summit here.

The agreements also included manufacturing of Kamov 226T helicopters and construction of frigates in accordance with the Make in objective.

On the sidelines of the event, Russia's Rosneft and an investment consortium led by European commodities trader Trafigura and Russian fund United Capital Partners, announced the signing of a pact to acquire a 98 per cent stake in India's second biggest private oil firm Essar Oil for $10.9 billion, pegged as the single largest foreign direct investment ever.

The two countries witnessed exchange of 16 agreements across various sectors.

--IANS

mm-ap/nir/bg

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard