RDIF to partner with the National Investment Promotion Agency of the Republic of India
Vladivostok, September 4, 2019 - The Russian Direct Investment Fund (RDIF, Russia’s sovereign wealth fund) announces a cooperation agreement with the National Investment Promotion Agency of the Republic of India (Invest India). The agreement was signed today in the presence of the President of the Russian Federation, Vladimir Putin and the Prime-Minister of the Republic of India, Narendra Modi.
The partners intend to jointly search for attractive investment projects that help strengthen bilateral economic ties and increase the volume of mutual investments between Russia and India and enable their implementation.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:
“The development of partnerships with investment institutions in Asia is a key focus area for RDIF. This cooperation with Invest India creates great opportunities for businesses in both countries, enables expansion into new markets and the attraction of investments for projects. The agreement also serves as an important contribution to the strengthening of bilateral economic ties between Russia and India”.
Deepak Bagla, Managing Director and CEO, Invest India, said:
“This cooperation with RDIF will further strengthen the economic partnership between the two countries and unfurl new avenues of cooperation and strengthen business and people ties between India and Russia.”
Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. RDIF’s management company is based in Moscow. Currently, RDIF has experience of the successful joint implementation of more than 70 projects with foreign partners totaling more than RUB1.5 tn and covering 95% of the regions of the Russian Federation. RDIF’s portfolio of companies employs more than 800,000 people and generates revenues which equate to over 6% of Russia’s GDP. RDIF has established joint strategic partnerships with leading international co-investors from more than 15 countries that total more than $40 bn. Further information can be found at rdif.ru
Invest India is the National Investment Promotion and Facilitation Agency of the Government of India, mandated to facilitate investments into India. It operates under the aegis of Ministry of Commerce and Industry, Government of India, and serves as the preferred point of reference for investors considering a location, industry or partner in India. The team of domain and functional experts provide sector-and state-specific inputs, and hand-holding support to investors through the entire investment cycle, from pre-investment to decision-making, to after-care and grievance-redressal. Russia Plus at Invest India is a fructification of Prime Minister Narendra Modi’s commitment to set up a dedicated Russian desk to promote Russian investments in the country to take forward St. Petersburg vision statement that seeks to open new vistas of economic engagement. Russia Plus, was launched in September 2017 in Vladivostok, is a one-stop solution for investors that provides handholding support including business advisory, policy guidance, location assessment, assistance with regulatory approvals, issue redressal and expansion support. Further information can be found at www.investindia.gov.in
For additional information contact:
Russian Direct Investment Fund
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41
Andrew Leach / Maria Shiryaevskaya
Tel: +44 (0) 20 7796 4133
Principal Investment Specialist
Tel: +91 11 23048116
Mobile: +91 9810472405
Ravi Shankar Jha
Senior Investment Specialist
Tel: +91 11 23048155
Mobile: +91 9205804964