Russia, Japan to Name 1st Business Localization Examples Soon

© Sputnik / Konstantin Salomatin / Go to the mediabankThe plane of Prime Minister of Japan Shinzo Abe at Pulkovo Airport, St. Petersburg
The plane of Prime Minister of Japan Shinzo Abe at Pulkovo Airport, St. Petersburg - Sputnik International
Russian-Japanese Investment fund may announce the first examples of its program for localization of businesses in the near future, Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), told Sputnik on Wednesday, ahead of the International Economic Forum in Russia’s St. Petersburg (SPIEF).

ST. PETERSBURG (Sputnik) — According to the RDIF CEO, the Japanese side is interested in infrastructure and advanced technologies and willing to invest in such projects in Russia. Dmitriev said that Japan showed interest in the Russian-Chinese project of a medical robot.

"The fund is considering large industrial and middle-sized or even venture projects in a number of industries… We are also ready to help Japanese and Russian companies to localize their businesses in [Russia, Japan], although we will favor the projects 'from the scratch.' We are hoping to announce first examples in the near future," Dmitriev said.

Russian President Vladimir Putin and Japanese Prime Minister Shinzo Abe, left, during a meeting on the sidelines of the APEC Leaders' Meeting in Lima - Sputnik International
Russian Business Looks Foward to Japanese Investment Ahead of Putin-Abe Summit
The Russian-Japanese investment fund is a joint initiative of RDIF and the Japan Bank for International Cooperation (JBIC).

The SPIEF is the key global platform for business representatives’ communication and discussion of crucial economic issues that the world faces. According to Russian presidential aide Yury Ushakov, the forum is expected to gather over 8,000 Russian and foreign participants, including leaders of India, Moldova, Abkhazia, South Ossetia, vice presidents and ministers from different countries.

Rossiya Segodnya International Information Agency is the official media partner of the forum.

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