Russian realty firm offers to invest in Punjab

Russian realty firm offers to invest in Punjab Chandigarh: Russia-based realty firm CMI Development on Wednesday offered to invest in infrastructure and real-estate in Punjab.

Boris Kiperman and Kirill Klimov, representing CMI Development made this offer in a meeting with Punjab Deputy Chief Minister Sukhbir Singh Badal here, an official release said.

The Moscow-headquartered company said it has a total portfolio of USD 3 billion and has executed several projects in Moscow.

Badal said Punjab is focusing on investing Rs 1 lakh crore in infrastructure sector and he wanted the execution of all these projects by international companies.

He assured the company that Punjab government would provide total support to international investors who want to invest in the state.