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    Indian Prime Minister Narendra Modi, rear right, talks with Russian President Vladimir Putin as officials of two countries exchange agreements after bilateral meeting in the beach resort state of Goa in western India, Saturday, Oct. 15, 2016

    Russia, India Sign Deal to Create $1Bln Fund to Invest in India Projects

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    2016 BRICS Summit in Goa, India (58)
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    Head of the Russian Direct Investment Fund said that RDIF and National Indian Infrastructure Fund signed the agreement on establishing a fund of $1 billion to invest in Indian projects.

    GOA (Sputnik) The Russian Direct Investment Fund (RDIF) and National Indian Infrastructure Fund signed the agreement on establishing a fund of $1 billion to invest in Indian projects, the head of the RDIF said Saturday.

    "We have signed the agreement with National Indian Infrastructure Fund, this is a sovereign Indian fund established recently to attract investment to India. We are setting up a joint fund [and] contribute $500 million each to make joint investments in India [in cooperation] with Russian companies and this fund," CEO Kirill Dmitriev said.

    The deal was signed Saturday in the presence of Russian President Vladimir Putin and Indian Prime Minister Narendra Modi.

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    2016 BRICS Summit in Goa, India (58)

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    investment, Russian Direct Investment Fund (RDIF), Kirill Dmitriev, India, Russia
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