Top Russian IT solutions firm RusITExport (RITE) has signed an agreement with India’s Aark Infosoft to cooperate on Information Technology in various projects coming under cyber security, Smart City and e-governance. The agreement will further the development of complex IT projects in the country.
French Chinese and Russian companies have joined hands with the Indian Railways to bring three of the latter´s nine semi-high speed rail corridor projects on track. In these corridors, trains will run at 160-200 km an hour.
India is known to have been working towards early allocation of the second site for the construction of the Russian-designed nuclear power plant as the Moscow assisted Kudankulam nuclear power plant has already started generating power.
The first unit of the Kudankulam nuclear plant was dedicated to the nation jointly by Prime Minister Narendra Modi and Russian President Vladimir Putin recently, with both calling it a fine example of special and privileged Indo-Russian strategic partnership.
In ICRA’s view, NIIF has the potential to be a game-changer for the Indian infrastructure sector; however, the model will take some time to establish, and to begin with, investments are likely to be towards operational projects due to their lower risk profile. Nevertheless, this will help in releasing the capital of developers.