OREANDA-NEWS. On January 25 in the course of Russian President Vladimir Putin’s formal visit to the Republic of India Vnesheconombank signed a trilateral agreement on cooperation with Russian OJSC Tekhnokhim Holding and Indian Saraf Agencies Private Ltd.

The Agreement aims to establish strategic partnership and expand long-term effective and mutually beneficial cooperation in order to prepare schemes of projects carried out on India’s territory in an attempt to establish a joint Russian-Indian venture.

This will be high-technology chemical and metallurgical works to produce titanium dioxide and other titanium products on the Indian territory (the state of Orissa) and it will be the main production facility within the Special Economic Zone.