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Russian Direct Investment Fund negotiating creation of $1 bln joint fund with India

Russia’s Industry and Trade Minister Denis Manturov Mikhail Japaridze/TASS

Russia’s Industry and Trade Minister Denis Manturov

© Mikhail Japaridze/TASS

CHENNAI, March 16. /TASS/. Russian Direct Investment Fund (RDIF) is negotiating the creation of a joint fund with the Indian side worth $1 bln for financing projects in various sectors of the economy, mainly in the industry, Russia’s Industry and Trade Minister Denis Manturov said Thursday as he is taking a trip to India.

"Currently we’re discussing the formation of a fund with investments amounting to $500 mln from each side. The Russian side will also be represented by RDIF," he said, adding that the project implies "a potential use of the funds to finance projects in various sectors of the economy.".

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