Russian sovereign fund keen to invest in India, provide breakthrough tech

Bullish on the Indian economy, Russia's sovereign wealth fund RDIF plans to invest in the country's infrastructure and technology sectors, according to a senior official.

The Russian Direct Investment Fund (RDIF), which has reserved capital of $10 billion under management, is also looking for more investments in technology and other sectors in India through its portfolio companies.

"In the next 12 months, our investment through portfolio companies would be more than $100 million. Definitely, we believe that it can increase more," RDIF Chief Executive Officer Kirill Dmitriev told PTI in an interview.

Noting that the fund will encourage more technological cooperation between Russia and India, he said there is a big opportunity for more investments in technology.