Srei Infrastructure Finance (Srei) has signed a Memorandum of Understanding (MoU) with Vnesheconombank to create a $200 million IT and Innovation Fund. The IT and Innovation Fund will promote Indian-Russian cooperation in the area of IT technologies and innovation. Srei and Vnesheconombank, through this Fund, will explore investment opportunities in technology companies in Russia, India and other selected regions.
Vnesheconombank is a Russian state development institution which operates to enhance competitiveness of the Russian economy, diversify it and stimulate investment activity.
Srei Infrastructure Finance’s businesses include infrastructure equipment leasing and finance, infrastructure project finance, advisory and development, insurance broking, venture capital, capital market and Sahaj e -Village.
