RITES Ltd, a leading transport infrastructure consultancy and engineering firm, has signed an MoU with Power Finance Corporation (PFC) to collaborate on consultancy projects in sectors like Transport & Logistics, Energy, Water & Sanitation, Communication, Social, and Commercial Infrastructure. Under the MoU, RITES will offer expertise in various areas while PFC and its subsidiaries will provide financial assistance for infrastructure projects in India and abroad. The partnership aims to explore opportunities with government bodies, private entities, and international funding agencies like the World Bank, Asian Development Bank, and JICA.
Mr. Manobendra Ghoshal, Chief Strategy Officer of RITES, highlighted that the partnership will not only open up business opportunities but also foster knowledge sharing for future infrastructure development.