Home / Airline news / RUSNANO and PT Wijaya Infrastruktur Indonesia signed the agreement on creation of the international aerospace private equity Fund

Роснано и PT Wijaya Infrastruktur Indonesia  подписали соглашение о создании международного аэрокосмического фонда прямых инвестиций In the framework of the 11th meeting of the Russian-Indonesian joint Commission on trade-economic and technical cooperation of JSC “RUSNANO” investing in manufacturing based on the latest developments in the field of nanotechnology, and Indonesian infrastructure company with state support PT Wijaya Infrastruktur Indonesia signed the agreement on creation of international aerospace direct investment Fund (IASF). About it reported in a press-service “Rosnano”.

The agreement was signed in the presence of Minister of industry and trade of Russia Denis Manturov and the Minister-coordinator for economic Affairs of the Republic of Indonesia Darmina of Nasution. From the Russian side it was signed by Managing Director for investment activities of UK “RUSNANO” Dmitry Pimkin, with the Indonesian President, CEO PT Wijaya Infrastruktur Indonesia Didi Suwondo.

“Indonesia became the first foreign member of the aerospace Fund RUSNANO. At the initial stage, the size of joint investments will make 100 million dollars, which over 5 years will be invested in the development of navigation systems and satellite systems of communication, production of new materials and components for space satellites in the development and manufacture of aircraft and other related sectors of the economy. The investment period may be extended for two years, and the period of work for the new Fund is 10 years with possibility of extension for another three years,” reads the message.

In the future we plan the expansion of the participants IASF due to the accession of other countries in the Asia-Pacific region interested in developing its space infrastructure that could be used in telecommunications and earth-monitoring. The size of the Fund RUSNANO plans to increase to 500 million dollars.

According to managing Director on investment activity of UK “RUSNANO” Dmitry Pimkin, “actively growing economies of the Asia-Pacific region such as Indonesia forced RUSNANO to pay close attention to this region. And this interest is mutual: new Russian technologies and developments over and over again prove their competitiveness on the world market. And in aerospace areas of expertise Russia and Russian companies are not subject to any doubt. Aerospace created the Foundation for Russia to become one of the tools to promote domestic high-tech production on the world market, and for the partner countries it provides the opportunity to implement the national commercial space programs”.

“One of the first investment projects of the Fund will create their own constellation of satellites that will form the basis of a system of operational detection of fires and gas fire. In General, the portfolio IASF will be projects that will allow to solve various tasks from development and production of control systems for spacecraft to production geosynchronous satellite systems and all necessary ground infrastructure for the development of telecommunication network of the whole country”, – otmechaetsya in the message.