06:47 GMT +319 September 2018
Listen Live
    Trucks equipped with engines running on natural gas at KAMAZ truck manufacturing facility in Naberezhnye Chelny

    New Russian-Indian Fund May Finance Projects of Kamaz, Russian Railways

    © Sputnik / Maksim Bogodvid
    World
    Get short URL
    2016 BRICS Summit in Goa, India (58)
    0 127

    The new Russia-India investment fund may finance Kamaz truck manufacturing and Russia's rail network.

    GOA (Sputnik) — The new Russia-India investment fund may finance the projects of the truck manufacturer Kamaz, Russian Railways and Russian Helicopters in India, the head of the Russian Direct Investment Fund (RDIF) said Sunday.

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

    "We consider the cooperation with Kamaz and other companies, which could get equity financing from RDIF for implementing joint projects. These deals will be signed next year. We are ready to cooperate with the Russia Helicopters… Russian Railways and other big companies. We hope this agreement will allow our business to work in India easily and more effectively ," Kirill Dmitriev told RIA Novosti.

    According to Dmitriev, with regard to Kamaz, the parties are debating the possibility of organizing the production of trucks in India. Different options for cooperation between Russian Railways and the Indian partners are being considered.

    Topic:
    2016 BRICS Summit in Goa, India (58)

    Related:

    Russia's Gazprom, India's GAIL Could Correct LNG Contract in 6 Months - CEO
    Russia, India Agree on Mutual Placement of Satellite Stations – Roscosmos
    Russia's Gazprom, India's Engineers India Ltd Sign MoU on Gas Delivery Routes
    Russia, India to Hold Military, Technical Conference in Goa at End of Year
    Tags:
    manufacturer, truck, Kamaz, Russian Direct Investment Fund (RDIF), Russian Railways, India, Russia
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment