New Delhi: RITES Limited, a Navratna public sector enterprise under the Ministry of Railways, has entered into a strategic partnership with NABARD Consultancy Services Pvt. Ltd. (NABCONS), a wholly owned subsidiary of the National Bank for Agriculture and Rural Development (NABARD), through the signing of a Memorandum of Understanding (MoU). The collaboration aims to jointly execute infrastructure and rural development projects both in India and abroad.
Joining Forces for Inclusive Growth
The partnership is designed to harness the complementary strengths of both organisations. RITES brings over five decades of experience in infrastructure planning, transport engineering, and project execution. NABCONS contributes its deep-rooted expertise in agriculture, rural development, natural resource management, and institutional capacity building.
Together, the two entities aim to promote inclusive and sustainable growth, particularly in underserved rural and semi-urban regions.
read also: RITES Wins ₹177.2 Crore Bharat Electronics (BEL) Project for PMC & Construction in Andhra Pradesh
Broad Scope of Collaboration
The MoU lays out a comprehensive framework for delivering integrated consultancy and project management services across a range of sectors, including:
- Rural and urban infrastructure
- Green and sustainable mobility
- Agri-logistics and supply chain development
- Climate-resilient development
- Digital public infrastructure
- Smart cities and multimodal transport systems
The agreement also encompasses water and irrigation projects, third-party inspection services, and AI/IT-enabled infrastructure solutions, marking a shift toward innovation-driven development.
Global Outlook
Beyond India, the partnership aims to explore international opportunities, particularly in markets supported by multilateral development banks and global funding agencies. This international push aligns with RITES’ global footprint and NABCONS’ growing presence in development consultancy.
read also: Power Grid Posts Rs3,631 Cr Profit in Q1 FY26; Revenue Rises Despite Margin Pressure- Check Details
Legacy of Impact
With a 51-year history and a presence in over 55 countries, RITES continues to play a pivotal role in shaping infrastructure across the globe. This new MoU with NABCONS reinforces its commitment to sustainable, technology-driven, and inclusive development.
About RITES
RITES Limited is a leading transport infrastructure consultancy and engineering company in India. A Navratna PSU under the Ministry of Railways, it offers services in railways, highways, urban transport, ports, and airports. With a legacy of over 51 years, RITES has a presence in more than 55 countries and is known for its technical excellence and global project delivery.
About NABCONS
NABARD Consultancy Services Pvt. Ltd. (NABCONS) is a wholly owned subsidiary of the National Bank for Agriculture and Rural Development (NABARD). It specializes in consultancy services related to agriculture, rural development, infrastructure, and capacity building. NABCONS plays a vital role in executing impactful development projects across India, with a strong emphasis on sustainability and community empowerment.
