The Housing and Urban Development Corporation Ltd (HUDCO) announced that it has signed a Memorandum of Understanding (MoU) with the India Infrastructure Finance Company Ltd (IIFCL) to enhance cooperation for infrastructure co-financing and various other services. The MoU aims to strengthen collaboration between the two entities, leveraging their respective strengths to offer infrastructure co-financing, refinancing, project management consultancy services, and capacity-building activities.

The agreement was signed by Sanjay Kulshrestha, CMD, HUDCO and Padmanabhan Raja Jaishankar, Managing Director, IIFCL, in the presence of senior officials from both Central Public Sector Enterprises, including M Nagaraj, Director- Corporate Planning, HUDCO, and Pawan K Kumar, Deputy Managing Director, IIFCL.