REC and NIIFL sign MOU For Big Infra Funding
- Indian Masterminds Bureau
- Published on 30 Jan 2024, 2:42 pm IST
- 1 minute read
Highlights
“For empowering India’s growth to strategically funding partnerships REC remains loyal in its commitment to fuelling the nation’s progress, financing key infrastructure echoes shared vision for a strong and interconnected future”
Rural Electrification Corporation (REC) has teamed up with National Investment and Infrastructure Fund Limited (NIIFL) for funding solutions for Large-Scale Infrastructure and Renewable Energy initiatives. The MoU has already been signed by the two organisations.
Describing the agreement, CMD, REC, Mr Vivek Kumar Dewanagan stated: “For empowering India’s growth to strategically funding partnerships REC remains loyal in its commitment to fuelling the nation’s progress, financing key infrastructure echoes shared vision for a strong and interconnected future.”
Executive Director and Chief Strategy Officer Mr Prasad Ghadkari, NIIFL said: ”The Collaboration aligns perfectly for a broader strategy to enhance financing, attract private capital into the infrastructure sector.Via this collaboration aims to develop innovative financial solutions supporting major infrastructure”.
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