Monday 26th February 2024

VGGS 2024, HUDCO signs MoU upto Rs.14,500 crs. for Housing Fin.

Dec 26th, 2023 8:06 pm | By | Category: SPECIAL NEWS COVERAGE


(THE NEWSMAN OF INDIA.COM)
Signing of Memorandum of Understanding of Investment Promotion Activity for Vibrant Gujarat Summit 2024 by Housing and Urban Development Corporation Limited (HUDCO)

Sanjay Kulshrestha, Chairman & Managing Director, HUDCO has executed the Memorandum of Understanding with the State Government of Gujarat in the presence of Chief Minister Bhupendrabhai Patel for an investment up to Rs.14,500 crores for financing the Housing and Urban Infrastructure projects in the State of Gujarat.

The Government of Gujarat intends for overall development of the State by implementing various housing and infrastructure projects. The State Government has invited proposals for Investment Promotion Activity from Banks and Financial Institutions, during Vibrant Gujarat Summit 2024 for facilitating investment in future housing and infrastructure development programmes in the State.

HUDCO being a techno-financial institution, in the business of providing financial assistance for housing and urban development projects in the country, thus catering to the various requirements of all sectors thereof, playing a vital role in strengthening the social and economic fundamentals of India thereby playing a pivotal role in building assets for the Nation.

HUDCO expressed its interest in executing this MoU for an investment up to Rs.14,500 crore under Financial Services Sector in the form of financial assistance, as per its objectives and guidelines to Government of Gujarat for eligible sector projects through term Loans.

The Senior Officials of Finance Department, Govt. of Gujarat and HUDCO officials M Nagaraj, Director (Corporate Planning), Ham Singh Oliver, Regional Chief were also present during this event.

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