India will sign up for its first third-generation nuclear reactors from Russia this week.
President Medvedev will pen the contract to build 4 new power plants on his inaugural visit to Delhi on Friday. The Tamil Nadu project comes on top of Tuesday's purchase of EIGHTY Mi-17s, the main troop-mover for the Indian army. Meanwhile, Russia and East Europe's biggest bank Sberbank is trying to start up on its own in India. Vice-President, Denis Bugrov, told Business RT it's not easy working within the South Asian nation, and the global economic crisis has made bilateral trade even tougher. “We're opening, we have opened a branch in India, we are working on one in China, and these will be greenfield start-ups. We recognise that turning Sberbank into a much more internationally present financial institution will take a considerable amount of time and effort, what is happening right now in the markets is an important factor in how we think about this.” Market Watch December 4: A little bit of this, a little bit of that PM calls it straight on the economy in Q&A sesion Gazprom and Serbia in new talks on NIS