NaBFID and PDCOR Sign Strategic Agreement to Enhance Infrastructure Advisory Services
The National Bank for Financing Infrastructure and Development (NaBFID) has formalized a Memorandum of Agreement with the Projects Development Company of Rajasthan Limited (PDCOR). This strategic partnership is designed to significantly strengthen advisory services for state and city-level infrastructure projects throughout India.
Joint Exploration of Financing and Advisory Opportunities
Under this new agreement, both institutions will collaboratively explore financing and transaction advisory opportunities. This includes comprehensive services such as transaction structuring, commercial and technical due diligence, and crucial support for achieving financial closure of projects undertaken by state governments and urban local bodies across the nation.
Rajkiran Rai G., Managing Director of NaBFID, emphasized the collaboration's broader objective. "This partnership seeks to enhance access to long-term institutional finance for State Governments and Urban Local Bodies, while simultaneously strengthening the entire infrastructure advisory and financing ecosystem," he stated.
He further elaborated that the alliance will enable both entities to jointly pursue project advisory opportunities, develop replicable financing frameworks, accelerate financial closures, and effectively mobilize capital across the entire infrastructure value chain.
Leveraging Organizational Strengths for Impactful Projects
Monika Kalia, Deputy Managing Director and CFO of NaBFID, highlighted how the tie-up will leverage the core strengths of both organizations. The goal is to provide much-needed, high-quality advisory support to states and urban local bodies, specifically for executing impactful and sustainable urban infrastructure projects.
Dileep Chingapurath, Chief Executive Officer of PDCOR, addressed a critical gap in the market. He noted that this agreement fulfills a long-felt need for end-to-end professional support to structure and mobilize sustainable financing solutions, particularly for state governments and their various agencies.
"Through this collaboration, both institutions aim to enhance the quality of project preparation, mobilize institutional capital more effectively, and accelerate the implementation of sustainable infrastructure projects across states and municipalities," Chingapurath explained.
Background on the Partnering Institutions
NaBFID operates as a specialized Development Financial Institution with a primary focus on providing long-term financing for infrastructure projects. PDCOR, on the other hand, is an undertaking wholly owned by the Government of Rajasthan, bringing state-level expertise and perspective to this national initiative.
This partnership marks a significant step in creating a more robust framework for infrastructure development in India, aiming to streamline processes from project conception to financial completion.
