https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

NaBFID Signs MoU with New Development Bank to Boost Infrastructure Financing and Sustainability

The collaboration seeks to create a deep, sustainable infrastructure financing market and foster a robust ecosystem to support long-term development.
Indian Masterminds Stories

New Delhi: In a significant move aimed at strengthening infrastructure development in India, the National Bank for Financing Infrastructure and Development (NaBFID) announced on Thursday that it has signed a Memorandum of Understanding (MoU) with the New Development Bank (NDB). The collaboration seeks to create a deep, sustainable infrastructure financing market and foster a robust ecosystem to support long-term development.

The New Development Bank, established by the BRICS nations — Brazil, Russia, India, China, and South Africa — is a multilateral financial institution with a focus on mobilising resources for infrastructure and sustainable development projects in emerging markets and developing countries (EMDCs).

According to a joint statement, the partnership aims to bridge the infrastructure financing gap and will explore long-term collaboration opportunities, including the exchange of technical expertise. The two institutions plan to jointly work on clean energy and sustainable transportation projects, such as renewable energy development, efficient water and sewage systems, and other environment-focused initiatives.

The MoU also sets the stage for thematic-level collaborations within the mandates of both organisations. Beyond financing, the partnership includes plans for joint research, capacity-building programs, seminars, and workshops to promote knowledge sharing and enhance institutional competencies.

Commenting on the agreement, NaBFID Managing Director Rajkiran Rai G said, “This MoU will help NaBFID accelerate infrastructure financing in clean energy and social impact projects, creating long-term value for all stakeholders.”

Echoing this sentiment, Vladimir Kazbekov, Vice President and Chief Operating Officer of NDB, said, “We are delighted to partner with NaBFID to drive India’s infrastructure and social sector development. This MoU reflects our shared vision of fostering economic growth while promoting sustainable and inclusive development.”

This strategic alliance marks a key step in aligning India’s infrastructure ambitions with global sustainable development goals, while also enhancing the country’s position in the emerging market infrastructure finance space.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
Delhi High Court
Delhi HC Orders Preservation of Digital Records in IAS Officer’s Harassment Case
Uttar Pradesh govt
IAS Alok Kumar Appointed Additional Chief Secretary of Uttar Pradesh
sanjiv
Show-Cause Notice to IFS Officer Over Alleged Eco-Hut Scam in Munsyari
ias assoc-1
S Krishnan Elected President of Central IAS Association; Key Officers Named
UP Police
UP Government Assigns First Field Postings to 22 IPS Officers
Uttar Pradesh UP Government
DoPT Clears Promotion of 22 UP PCS Officers to IAS
crof
CRPF a Pillar of Internal Security, Says PM Modi on 87th Raising Day
Panna Tiger Reserve PTR
Uttarakhand Gears Up for Tiger Census, Scientific Survey to Begin in October
ADVERTISEMENT
ADVERTISEMENT
Videos
WhatsApp Image 2025-07-26 at 13.16
What Most Indians Don't Know About Jim Corbett
WhatsApp Image 2025-07-24 at 18.24
How Fireflies and Butterflies Returned In Corbett’s Homeland
Chhoti haldwani
The Forgotten Village of Jim Corbett Comes Alive Again
ADVERTISEMENT
UPSC Stories
IAS Priyansha Garg
Why Mindset Matters: IAS Priyansha Garg’s Mental Health Mantra for UPSC
After two failed prelims, Priyansha Garg cracked UPSC with AIR 31 in her fourth attempt, proving how...
Ashish Akshat
From Setback to State Topper: How Ashish Akshat Topped JPSC While Working Full-Time
Ashish Akshat from Dhanbad topped JPSC 2023, proving that resilience, discipline, and family support...
pulkit bansal new
How a Village Shifted Dr. Pulkit Bansal’s Stethoscope to a Sarkari File
From AIIMS Delhi to AIR 155 in UPSC, Dr Pulkit Bansal’s village posting turned a doctor’s stethoscope...
Social Media
Mangroves
Mangroves: Nature’s Shield Against Disasters, Says Officer Parveen Kaswan on Mangroves Day - Watch His Post Here
Mangroves, with their dense, interlaced root systems, form a mesh-like structure that serves as a buffer...
Retired IPS Inderjit Singh Sidhu
Purpose Doesn’t Retire: How 88-Year-Old Retired DIG Becomes Chandigarh’s ‘Quiet Warrior’ of Cleanliness
Inderjit Singh Sidhu’s Dawn Patrol Earns Applause, Mahindra’s Praise for a Man Who Chose Action Over...
Kashish Mittal ex IAS
Ex-IAS Officer Kashish Mittal’s Soulful Rendition of ‘Unke Andaz-e-Karam’ Goes Viral
Former IAS Officer and IIT Delhi Graduate Wins Hearts with Nusrat Fateh Ali Khan Cover
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Delhi High Court
Delhi HC Orders Preservation of Digital Records in IAS Officer’s Harassment Case
WhatsApp Image 2025-07-26 at 15.37
IAS T Vijay Kumar, The Man Who Chose to Heal the Soil
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
WhatsApp Image 2025-07-26 at 13.16
WhatsApp Image 2025-07-24 at 18.24
Chhoti haldwani
ADVERTISEMENT
ADVERTISEMENT