Russia’s state-backed nanotechnology corporation, RUSNANO, in a major foray into India’s high-tech market, has signed a collaboration agreement with SUN Group, a private, Indian-owned investment group active in Russia. The two companies will study the most promising sectors for business development in nanotechnology. RUSNANO views India as a rapidly growing region with an attractive domestic market. According to Anatoly Chubais, the CEO of RUSNANO, “We are interested in its [India] size and drive to develop industries and technologies. There is successful work being carried out in India in technology and innovation, and we are interested in a number of them,” adding that the most interesting areas for collaboration are solar energy, nanomaterials, and biotechnology. The Indian government and RUSNANO are considering a US$220 million joint venture to manufacture solar photovoltaic module-grade silicon ingots, which could involve building a manufacturing facility in Russia where the ingots would be produced, then shipped to India. India has set an ambitious target of 20,000 MW of solar power generation capacity by 2022. The article can be viewed online at the link below.
http://indrus.in/articles/2011/03/09/dreaming_big_with_nano-tech_12261.html