The Russian sovereign wealth fund RDIF and State Bank of India plan to set up a $2 billion investment consortium aimed at promoting mutual investments between the two countries. The $10 billion-Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund.
A Memorandum of Understanding (MoU) for setting up the consortium would be signed later today between RDIF and SBI, as part of Russian President Vladimir Putin's official visit to India. RDIF and State Bank of India would each
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