RITES and APEDB Sign MoU to Drive Infrastructure Growth in Andhra Pradesh
Real Estate

RITES and APEDB Sign MoU to Drive Infrastructure Growth in Andhra Pradesh

RITES Limited, a leading transport-infrastructure consultancy and engineering firm, has entered into a Memorandum of Understanding with the Andhra Pradesh Economic Development Board (APEDB), Government of Andhra Pradesh. The partnership will focus on offering consultancy services to facilitate investment and industrial development across key infrastructure domains in the state.

Under the MoU, RITES will bring its technical expertise to a range of services including feasibility studies, detailed project reports (DPRs), project-management consultancy, bid management and third-party inspection and audit. The collaboration will cover sectors such as transport systems, ports, waterways, power, water/waste-water, built-infrastructure and industrial infrastructure.

With a legacy spanning more than 50 years and operations in over 55 countries, RITES is well-positioned to support Andhra Pradesh’s agenda for accelerated infrastructure growth. The MoU aims to serve as a catalyst for investment, enabling streamlined project delivery and enhanced economic development in the region.

RITES Limited, a leading transport-infrastructure consultancy and engineering firm, has entered into a Memorandum of Understanding with the Andhra Pradesh Economic Development Board (APEDB), Government of Andhra Pradesh. The partnership will focus on offering consultancy services to facilitate investment and industrial development across key infrastructure domains in the state.Under the MoU, RITES will bring its technical expertise to a range of services including feasibility studies, detailed project reports (DPRs), project-management consultancy, bid management and third-party inspection and audit. The collaboration will cover sectors such as transport systems, ports, waterways, power, water/waste-water, built-infrastructure and industrial infrastructure.With a legacy spanning more than 50 years and operations in over 55 countries, RITES is well-positioned to support Andhra Pradesh’s agenda for accelerated infrastructure growth. The MoU aims to serve as a catalyst for investment, enabling streamlined project delivery and enhanced economic development in the region.

Next Story
Real Estate

NHB Flags Slow PMAY 2.0 Loan Disbursements

National Housing Bank has flagged slower-than-expected loan disbursements under Pradhan Mantri Awas Yojana (PMAY) 2.0 during a recent review with housing finance companies, according to reports. The regulator noted that lending under the interest subsidy scheme has yet to gain the intended momentum, despite the programme being operational for several months. The issue was discussed in a meeting with chief executives of leading housing finance companies last week, where NHB officials said disbursals were falling short of internal targets. Lenders were asked to strengthen follow-through on sanc..

Next Story
Infrastructure Urban

HDFC AMC Enters Private Credit With Structured Debt Fund

HDFC Asset Management Company has entered India’s fast-growing private credit market with the launch of its Structured Credit Fund-I, aimed at providing alternative debt financing to mid-market companies. The International Finance Corporation, a member of the World Bank Group, will invest up to Rs 2.2 billion as an anchor investor in the fund, HDFC AMC said in a statement. The fund has secured commitments of around Rs 12.9 billion in its first close and is targeting a total corpus of Rs 15 billion, with a green-shoe option to raise an additional Rs 10 billion. This includes a sponsor commi..

Next Story
Infrastructure Energy

Coal Imports Seen Easing After November Surge

India’s coal imports, which rose sharply by 28.1 per cent in November, are expected to decline in the coming months as domestic availability improves, according to industry data. Coal imports increased to 25.07 million tonnes in November, compared with 19.57 million tonnes in the same month last year, data compiled by mjunction services ltd showed. The platform is a joint venture between SAIL and Tata Steel. According to mjunction, the increase was largely driven by winter restocking by steel producers, along with fresh buying triggered by weak seaborne coal prices. However, imports are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App