BusinessLogrBusinessLogr
  • Home
  • Stocks
  • Finance
  • Business
  • Company
  • Economy
  • Industry
  • Investing
  • Car News
  • Contact Us!
Reading: SREI Infrastructure Finance To Ink $500-Million Venture With Russia’s VEB
Share
Aa
BusinessLogrBusinessLogr
Aa
  • Home
  • Stocks
  • Finance
  • Business
  • Company
  • Economy
  • Industry
  • Investing
  • Car News
  • Contact Us!
Follow US
© 2023 BusinessLogr News Network.
BusinessLogr > Finance > SREI Infrastructure Finance To Ink $500-Million Venture With Russia’s VEB
Finance

SREI Infrastructure Finance To Ink $500-Million Venture With Russia’s VEB

Loknath Das
Last updated: 2017/06/02 at 7:42 AM
Loknath Das Published June 2, 2017
Share
2 Min Read
SHARE

SREI Infrastructure Finance To Ink $500-Million Venture With Russia's VEB

St Petersburg, Russia: SREI Infrastructure Finance hopes to sign a $500 million joint venture this week with Russian state lender VEB to finance exports of equipment to India, managing director Hemant Kanoria said on Thursday. He was speaking to Reuters on the sidelines of the St Petersburg economic forum where Russian and foreign businessmen gather every year in June.

“We are looking at a joint venture with VEB which will be trying to support equipment exports from Russia into India. This would be heavy equipment going into the mining, construction and other industry in India,” Mr Kanoria said, adding that the machinery could be leased or purchased in India.

“We are looking at half a billion dollars to do a memorandum of understanding with them.” Asked if the venture could be announced at the St Petersburg forum, Kanoria said: “Yes”.
He said SREI had also mooted creating a joint infrastructure fund together with the state-run Russian Direct Investment Fund (RDIF) but progress had been slow so far.

SREI’s projects in Russia have stalled since Western sanctions were imposed on Moscow after its 2014 annexation of Ukraine’s Crimea region, forcing partners in its Russian venture to pull back. These include the European Bank for Reconstruction (EBRD) and Development and Germany’s DEG.
© Thomson Reuters 2017
For latest news on Business, like us on Facebook and follow us on Twitter.
Story first published on: June 01, 2017 18:53 (IST)

[“Source-ndtv”]

You Might Also Like

Is Dividend Investing a Scam? Is It Worth It?

Is Palantir the AI stock with the highest overvalue?

5 Savvy ways Of reimbursing Home Credit Quicker : Techniques for More noteworthy Monetary Adaptability

Seven motivations to concentrate on Bookkeeping and Money

Top 5 Mix-ups You Should Keep away from While Applying for an Individual Credit

TAGGED: $500-Million, finance, Infrastructure, Ink, Russia's, SREI, to, VEB, Venture, With
Loknath Das June 2, 2017
Share this Article
Facebook Twitter Email Print
Share
Previous Article India To Remain Fastest Growing Major Economy In March Quarter: Poll
Next Article Make With India, PM Modi Tells Russia’s Defence Hardware Industry

Recent Posts

  • Nearing Retirement? Avoid these mistakes!
  • Decision by the Supreme Court regarding auto financing bars drivers

© 2023 BusinessLogr News Network.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?