Russia’s direct investment fund, Thai business group to set up farming investment fund

MOSCOW, June 19. /TASS/. Russian Direct Investment Fund (RDIF) and CP Group of Thailand, the country’s largest business agglomerate have reached agreement on setting up a joint investment fund, RDIF Director General Kirill Dmitriyev said on Thursday at a session of the RDIF International Expert Board attended by President Vladimir Putin. The session was held as part of the St Petersburg International Business Forum. Dmitriyev said the new fund would concentrate on a search for investment opportunities and joint investing in long-term projects on the Russian territory in the sectors like agriculture and production/distribution of foodstuffs, including dairy and meat products and poultry. CP Group keeps the bulk of its assets in the farming sector, production of foodstuffs, marketing, distribution, and telecommunications. It unites more than 200 companies in seventeen countries and has a combined personal of over 300,000 workers. Read more