PFC partners with SACE to boost India-Italy ties
POWER & RENEWABLE ENERGY

PFC partners with SACE to boost India-Italy ties

The Power Finance Corporation (PFC), a state-owned entity, announced that it had become the initial government firm to engage in a collaboration with SACE, an Italian export credit agency, with the aim of enhancing cooperation between the two nations. As per a statement, PFC is entering into a partnership with SACE, the export credit agency of Italy, for an innovative ECA-backed financing facility under its 'Push Strategy' initiative.

It was stated that this proposed collaboration would establish PFC as the first government-owned entity in India to join forces with SACE under this initiative. Under this arrangement, PFC is set to receive an 80 percent guarantee from SACE, with HSBC serving as a coordinating bank, lead arranger, and facility agent for the financing of up to 200 million euros.

Moreover, the anticipated financing under the 'Push Strategy' is anticipated to present project owners throughout India with an opportunity to gain access to Italian technology and engage in business-matching activities with Italian companies.

Parminder Chopra, Chairman and Managing Director of PFC, mentioned in the statement, "PFC has always been at the forefront of exploring innovative foreign currency borrowing avenues." She expressed that this unique deal involving PFC, SACE, and HSBC is the first of its kind.

She added that this strategic alliance under SACE's 'Push Strategy' would contribute to fortifying business relationships between India and Italy and facilitate access to Italian technologies for the power and infrastructure sectors.

The Power Finance Corporation (PFC), a state-owned entity, announced that it had become the initial government firm to engage in a collaboration with SACE, an Italian export credit agency, with the aim of enhancing cooperation between the two nations. As per a statement, PFC is entering into a partnership with SACE, the export credit agency of Italy, for an innovative ECA-backed financing facility under its 'Push Strategy' initiative. It was stated that this proposed collaboration would establish PFC as the first government-owned entity in India to join forces with SACE under this initiative. Under this arrangement, PFC is set to receive an 80 percent guarantee from SACE, with HSBC serving as a coordinating bank, lead arranger, and facility agent for the financing of up to 200 million euros. Moreover, the anticipated financing under the 'Push Strategy' is anticipated to present project owners throughout India with an opportunity to gain access to Italian technology and engage in business-matching activities with Italian companies. Parminder Chopra, Chairman and Managing Director of PFC, mentioned in the statement, PFC has always been at the forefront of exploring innovative foreign currency borrowing avenues. She expressed that this unique deal involving PFC, SACE, and HSBC is the first of its kind. She added that this strategic alliance under SACE's 'Push Strategy' would contribute to fortifying business relationships between India and Italy and facilitate access to Italian technologies for the power and infrastructure sectors.

Next Story
Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?