Signals, Powered By EquityPandit
Srei Infrastructure Finance has signed a memorandum of understanding with Vnesheconombank for creating a $200 million IT and Innovation Fund.
The IT and Innovation Fund will be promoting Indian-Russian cooperation in the area of IT technologies and innovation.
Srei and Vnesheconombank, through this Fund, will jointly explore investment opportunities in technology companies in India, Russia and other selected regions.
Hemant Kanoria, Srei Infra chairman & managing director has said that “We are excited to partner Vnesheconombank in exploring investment opportunities in the area of technology and innovation. We will leverage the rich scientific heritage and growth potential of India and Russia. The fund will serve as a two-way bridge between the Indian and Russian markets and create opportunities for India-Russia cross-border technology cooperation.”
