Indian business major Srei to enter into energy partnership with Russia

Kolkata-based industrial major Srei may soon enter into energy business with hydro-carbon rich Russia as Delhi and Moscow have decided to expand their energy partnership. Realizing the huge trade potential between India and Russia (which stood at USD 7.5 Billion in 2016-17), Srei have been on a constant look out for promising opportunities in infrastructure finance, acquisitions, and partnerships with Russia.Srei has set up a $200 million IT and Innovation Fund in partnership with Russian state lender- Vnesheconombank (a development bank in Russia) for promoting collaboration between India and Russia in the field of artificial intelligence, 3D, printing, and robotics among other areas. The first investment deals are expected to be rolled in the beginning of 2019.Srei is closely working with Russian Export centers for collaboration and joint support towards export of equipment from Russia to India. With its vast client network, elaborate leasing solutions, and almost 30 years of experience in infrastructure sector, Srei is a valuable partner for Russian companies looking for expansion in India.Srei is offering customized solutions, through its industrial parks to Russian OEM’s who are looking to localize their production in India, by setting up ware houses and service centers. Also, to support bilateral trade between India and Russia, Srei is exploring opportunities in agriculture sector, power sector, and oil and gas field.

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