DMICDC partners with IIFCL
The Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) has signed an MoU on Friday with India Infrastructure Finance Company Ltd (IIFCL) to share expertise and help boost investment opportunities in industrial space. IIFCL, set up in 2006, is a wholly owned government company and is providing long-term financing support to infrastructure projects in the country. Sanjeev Kaushik, Deputy Managing Director, who signed the MoU on behalf of IIFCL, said the two organisations would pool their resources and expertise to accelerate infrastructure development in India. Under the MoU, IIFCL has offered to consider financing DMIC projects such as airports, urban public transport, energy, social and commercial infrastructure. Going ahead, DMICDC will also be able to avail the services of IIFCL subsidiaries such as IIFCL Projects Ltd, which specialises in project advisory, loan syndication and financial consultancy services such as appraisals, PPP structuring and bid process management.
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