Russia's RDIF, India's SBI to invest $2 bln in cooperation projects

Last Updated: Mon, Dec 24, 2012 07:17 hrs

Russian Direct Investment Fund (RDIF), a sovereign wealth fund, and Indian lender State Bank of India will jointly invest up to $2 billion to promote trade and economic cooperation projects, the Russian fund said in a statement on Monday.

The agreement was signed as part of Russian President Vladimir Putin's official visit to India.

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