Manipur inks pact with IIFCL for infrastructure projects

11 Oct 2021 CW Team

P Vaiphei, Additional Chief Secretary (Planning), represented the state while Palash Shrivastava, Deputy Chief Executive Officer, represented the IPL during the exchanging and signing of the MoU at the Cabinet Hall of Chief Minister's Secretariat in Imphal. N Biren Singh, Chief Minister of Manipur along with Rajesh Kumar, Chief Secretary, MH Khan and Letkhogin Haokip, Additional Chief Secretaries, T Ranjit, Commissioner (Works), M Joy, Commissioner (Agriculture or IPR), PR Jaishankar, Managing Director IIFCL and other high ranking authorities of the State Government and IIFCL were also there in the day's event.

It may be stated that the Manipur State Planning Authority was created under sub-section (1) of section 3 of the Manipur State Planning Authority Act, 2021 for the development of a plan for the expansion of the State and for organising and controlling the execution of such plan and for developing harmonised policies for the control of land-uses and growth of infrastructure so as to guarantee proposed development of the State. The Chairman of the authority is the Chief Minister.

IPL is an entirely controlled subsidiary of Indian Infrastructure Finance Company Limited (IIFCL), a Government of India Enterprise. IIFCL, a premier infrastructure financing organisation in India, developed IPL in February 2012 as a dedicated project advisory firm engaged in the fields of syndication, project appraisal, infrastructure consultancy services and transaction advisory.

The firm provides the demand for advisory services to projects across the spectrum of infrastructure sector comprising ports, highways, roads, airports, power covering renewable, tourism, urban infrastructure such as sewerage projects, water supply, solid waste management. It will render project advisory and institutional aid to help in the development of several infrastructure projects in Manipur by undertaking project preparatory studies and advisory services associated with resource mobilisation and infrastructure project development.

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The Manipur government has signed a memorandum of understanding (MoU) with Indian Infrastructure Finance Company Limited Projects Limited (IPL), a wholly-owned subsidiary of Indian Infrastructure Finance Company Limited (IIFCL). P Vaiphei, Additional Chief Secretary (Planning), represented the state while Palash Shrivastava, Deputy Chief Executive Officer, represented the IPL during the exchanging and signing of the MoU at the Cabinet Hall of Chief Minister's Secretariat in Imphal. N Biren Singh, Chief Minister of Manipur along with Rajesh Kumar, Chief Secretary, MH Khan and Letkhogin Haokip, Additional Chief Secretaries, T Ranjit, Commissioner (Works), M Joy, Commissioner (Agriculture or IPR), PR Jaishankar, Managing Director IIFCL and other high ranking authorities of the State Government and IIFCL were also there in the day's event. It may be stated that the Manipur State Planning Authority was created under sub-section (1) of section 3 of the Manipur State Planning Authority Act, 2021 for the development of a plan for the expansion of the State and for organising and controlling the execution of such plan and for developing harmonised policies for the control of land-uses and growth of infrastructure so as to guarantee proposed development of the State. The Chairman of the authority is the Chief Minister. IPL is an entirely controlled subsidiary of Indian Infrastructure Finance Company Limited (IIFCL), a Government of India Enterprise. IIFCL, a premier infrastructure financing organisation in India, developed IPL in February 2012 as a dedicated project advisory firm engaged in the fields of syndication, project appraisal, infrastructure consultancy services and transaction advisory. The firm provides the demand for advisory services to projects across the spectrum of infrastructure sector comprising ports, highways, roads, airports, power covering renewable, tourism, urban infrastructure such as sewerage projects, water supply, solid waste management. It will render project advisory and institutional aid to help in the development of several infrastructure projects in Manipur by undertaking project preparatory studies and advisory services associated with resource mobilisation and infrastructure project development. Image Source

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