IDFC and Russian RDIF sign agreement for $ 1 bn infrastructure investment

Q: Indian infrastructure financing company, IDFC Ltd, on 11.12.2014 announced it had signed a memorandum of understanding with Russian Direct Investment Fund (RDIF) to jointly invest up to $1 billion in infrastructure projects.

Jab B, Gurgaon

12th December 2014

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Replies (8)

Infra development in which areas ? Any specifics so far ..

manish dua,

13th December 2014

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Whereas IDFC was set up in 1997 as a private enterprise by a alliance of public and private investors. It makes easier private investment and public-private partnerships in infrastructure projects in multiple sectors.

Arun, Gurgaon

12th December 2014

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RDIF which was established with $ 10 billion in state funds to make equity co-investments primarily in Russia with international financial and strategic investors. Based in Moscow, RDIF's management company is a 100% subsidiary of Vnesheconombank.

Meenakshi, Gurgaon

12th December 2014

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IDFC wished that the agreement will allow fast-tracking key projects and achieve long-term goals of infrastructure creation. Both the countries are progressing at a fast pace and infrastructure remains one of the key focus areas.

Arun, Gurgaon

12th December 2014

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IDFC will invest $1 billion in hydroelectric projects in India. The Russian firm also signed an agreement with Tata Power for exploring investment opportunities in the Russian energy sector.

Meenakshi, Gurgaon

12th December 2014

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RDIF will benefit from IDFC’s industry perception, execution expertise in cooperating with network of portfolio companies in infrastructure sector. Our partner’s experience in areas such as large scale discounted projects, specifically in transport infrastructure, will be crucial on growing Russian infrastructure market.

Arun, Gurgaon

12th December 2014

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Do you know Arun?
RDIF, a state-owned fund established in 2011, told that the partnership will give strength to the relationship between Russia and India by promoting investments and economic cooperation adding to the growth of the two nations.

Meenakshi, Gurgaon

12th December 2014

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Yes, it is true. The agreement will encourage joint investments, helping speedup economic cooperation between the two nations. The agreement will create a framework for joint investment in infrastructure and related industries. Each party will provide up to $ 500 million to invest in joint projects.

Arun, Gurgaon

12th December 2014

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