MoU between National Investment and Infrastructure Fund (NIIF) Ltd & Rusnano OJSC

Q.  NIIF has signed a MoU with which Russian development institute?
- Published on 02 Feb 16

a. RUSNANO
b. RUSANO
c. RUSSI
d. None of the above

ANSWER: RUSNANO
 
  • National Investment and Infrastructure Fund (NIIF) Ltd. has signed a Memorandum of Understanding (MoU) with RUSNANO OJSC of Russia.
  • Both NIIF and RUSNANO have agreed to set up the RUSSIA-INDIA HIGH TECHNOLOGY PRIVATE EQUITY FUND for joint implementation of investments into projects in India.
  • RUSNANO is a Russian development institute with interest to invest in projects in the field of high technologies and defense including the projects aimed at establishment of manufacturing industrial enterprises in India.
  • International pension funds and sovereign wealth funds from countries such as Russia, Singapore and the UAE have evinced interest in participating in India's Rs 40,000-crore National Investment and Infrastructure Fund (NIIF).

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