Sberbank’s Indian branch organised a business conference to discuss economic cooperation between India and Russia. During the conference representatives of India’s business community gave their Russian partners an overview of the market, trends and prospects for business development in India. Representatives of Russian business shared their experience of carrying out successful projects in India.
Representatives of leading machine-building company IZ-KARTEX LLC talked about their experience of supplying excavators to Coal India (the country’s largest coal company) and setting up a network of centres to service the imported machinery. Representatives of Power Machines PJSC talked about completed energy projects, and Russoft NP presented a project on providing information security for Indian smart cities and creating the Eurasian Quantum Path. Representatives of Larsen & Toubro, a leading Indian corporation operating in power, infrastructure and defence; national agency Invest India; and major investment firm Hinduja Group, gave their Russian partners an overview of the prospects of investing and doing business in India.
In 2017 Sberbank’s Indian branch successfully closed to a deal to finance Lighting Technologies India Ltd, a subsidiary of Lighting Technologies, which opened a plant to produce lighting equipment. This Indian business development project was included in the Russian-Indian Intergovernmental Commission’s list of priority investment projects.
Sberbank is Russia’s largest bank and a leading global financial institution. Sberbank holds almost one third of aggregate Russian banking sector assets, it is the key lender to the national economy and the biggest deposit taker in Russia. The Central Bank of the Russian Federation is the founder and principal shareholder of Sberbank owning 50% of the Bank's authorized capital plus one voting share, with the remaining 50% held by domestic and international investors. Sberbank has more than 135 million individual customers and more than 1 million corporate clients in 22 countries. Sberbank has the largest distribution network in Russia with almost 17,000 branches, and its international operations include UK, US, CIS, Central and Eastern Europe, Turkey and other countries.
Author: Anna Dorozhkina