Russia to invest rupee surplus in India's fast growing sectors
Russia has built up a pile of Indian rupees through trade and now wants to put that money to work in India's fast-growing sectors.
Both countries are chatting about where these investments could make the most impact, part of Russia's push to invest its rupee surplus in India.
Russia eyes ports biotech SEZs
Ports are high on the list, especially since India is rolling out more than 800 new infrastructure projects under its Sagarmala program.
Alexander Dynkin, president of the Primakov National Research Institute of World Economy and International Relations, believes investing here could pay off for both sides.
Russia is also eyeing biotech (think health care and smarter farming tech) and special economic zones (SEZs), which offer some cool business perks and room for innovation.