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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Market

NIIF and RDIF to establish a $1bn Russian Indian Investment Fund

Posted on 19 October 2016

The state-backed Russian Direct Investment Fund (RDIF) will work with an Indian fund to invest $1 billion in Asia’s third-largest economy, the head of the fund said before a bilateral summit expected to yield several big business deals.
The RDIF and India’s National Investment and Infrastructure Fund (NIIF) will each invest up to $500 million in the joint fund, replicating partnerships the Russian entity has with countries like China. “We helped in the process of the NIIF being created,” RDIF CEO Kirill Dmitriev said in an interview with Reuters. “Now we will provide equity capital to joint Russian-Indian projects, mainly in India.”……………………………………Full Article: Source


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