Russia`s Putin offers funds to Sistema India unit

Published on Fri, Mar 12, 2010 at 15:14 |  Source : Reuters

Updated at Fri, Mar 12, 2010 at 15:21  

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Russia`s Putin offers funds to Sistema India unit

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Russian Prime Minister Vladimir Putin on Friday pledged state financial aid for the Indian telecoms unit of Russian conglomerate Sistema, which is looking to expand in India.

Sistema is looking to deepen its investment in the Indian unit Sistema Shyam TeleServices, a joint venture with India's Shyam group.

"We are ready to contribute funds for your joint activity," Putin said in response to a question by a Shyam group official at a conference with Indian businessmen in New Delhi.

  

Entities: Vladimir Putin
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