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Posted: Feb 10, 2011
RUSNANO and India's SUN Group Agree Nanotechnology Collaboration
(Nanowerk News) RUSNANO CEO Anatoly Chubais and the vice chairman of investment company SUN Group, Shiv Vekram Khemka, signed a memorandum of understanding for collaboration in nanotechnology. The document was signed on the opening day of Aero India 2011, the eighth international exhibition on aerospace, defense, and civil aviation. The event, which takes place in Bangalore, is "Asia's premier air show."
The memorandum states that RUSNANO and SUN Group will carry out joint analyses of nanotechnology applications in sectors of the economy where business prospects are most promising and that they will support the use of existing and yet-to-be developed nanotechnology products. The parties intend to promote broadening cooperation between Russian and Indian companies engaged in the global technology chain. SUN Group will assist RUSNANO's project companies to identify partners in India with whom joint ventures can be established.
Trade between Russia and India has doubled during the past five years. The RUSNANO—SUN Group accord will contribute to further growth through partnerships in high technology.
SUN Group is a principal investor and private equity fund manager working in Russia, India, and other emerging and transforming markets. The founding shareholders of SUN are part of an Indian family group that has been active in India for more than 100 years and first started working inRussia in 1958. The group is active in areas such as oil and gas, infrastructure, mining, the food and beverage industry, energy, and the high-technology sector.