New Delhi: HUDCO and RITES Limited have entered into a strategic partnership to boost infrastructure and urban development in India. The two organizations have signed a Memorandum of Understanding (MoU) to combine their strengths and accelerate the nation’s infrastructure development.
The MoU was signed by Dr. Sukanya Ghosh, Executive Director (Consultancy Services) HUDCO, and Shri Pankaj Chaudhary, Chief Strategy Officer RITES Limited, in the presence of senior officials. This collaboration marks a significant step forward for both organizations, as they establish a framework for taking up consultancy and fee-based projects.
Under the partnership, HUDCO will extend finance for various infrastructure projects, while RITES will leverage its consultancy expertise to support projects funded by HUDCO. The collaboration aims to transform India’s infrastructure landscape by providing comprehensive support to sectors such as metro rail, roads, airports, and urban development.
The partnership between HUDCO and RITES Limited is expected to have a significant impact on India’s infrastructure development, as both organizations work together to accelerate project implementation and improve the nation’s infrastructure landscape.
