Nanotechnology Now - Press Release: "RUSNANO and India’s SUN Group Sign Memorandum of Understanding"

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RUSNANO and India’s SUN Group Sign Memorandum of Understanding

Russia | Posted on February 10th, 2011

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.

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About RUSNANO
The Russian Corporation of Nanotechnologies (RUSNANO) was established in 2007 by the Federal law ą 139-FZ to enable Government policy in the field of Nanotechnology.

To accomplish this task, RUSNANO co-invests in nanotechnology industry projects that have high commercial potential or social benefit. Early-stage investment by RUSNANO lowers the risk of its investment partners from the private sector.

RUSNANO participates in building nanotechnology infrastructure, which includes the nanotechnology centers of excellence, business incubators and early stage investment funds. RUSNANO provides scientific and educational programs that are required for its investment projects to succeed, and also supports the popularization of nanoscience and nanotechnology. RUSNANO selects promising spheres for investment based on longer-term sight created by the leading Russian and world experts.

To assist the Russian nanotechnology industry advance to the global market and strengthening of its international links RUSNANO develops partnerships with the leading nanotechnology centers in the world and organizes the annual Nanotechnology International Forum in Russia.

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Contacts:
Anna Fradkova, press-secretary of the international press office
P.: +7 495 5424444 add.1424
M.: +7 985 7299860

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