NABARD and MAHAPREIT Sign MoU for Rural Green Infrastructure

29 Jul 2026 CW Team

The collaboration combines NABARD's expertise in rural development finance, climate finance and green infrastructure financing with MAHAPREIT's experience in climate focused infrastructure development. Together the organisations will seek to structure and fund sustainable projects that improve quality of life in villages and enhance local adaptive capacity. The plan envisages financing models tailored to public institutions and gram panchayat level bodies.

MAHAPREIT previously entered a joint venture with NLC India Renewables Limited (NIRL), a subsidiary of NLC India Limited, to develop up to 2,000 MW of renewable projects — including solar, wind, hybrid, floating solar, battery energy storage systems (BESS), pumped storage and solar parks — with an initial focus on 500 MW and a target to scale to 5,000 MW in Maharashtra. The joint venture company will have an equity split of 74 per cent for NIRL and 26 per cent for MAHAPREIT. MAHAPREIT has also agreed with NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, to develop 10 GW of renewable parks and projects in Maharashtra and other states. These prior partnerships will inform financing and delivery under the new memorandum.

Initial priority areas include green energy, decarbonisation of government buildings, rural public institution infrastructure and water pumping schemes. The organisations will support biogas and bioenergy generation from agricultural residues and other biomass resources to create income opportunities for farmers and promote the circular economy. NABARD's chairman indicated that the bank is committed to working with like minded stakeholders and views the memorandum as a significant step towards a cleaner and greener rural India.

The National Bank for Agriculture and Rural Development (NABARD) and Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT) have signed a memorandum of understanding to finance and promote green, climate resilient and sustainable infrastructure across rural India. The agreement will concentrate on strengthening villages, Panchayati Raj Institutions and community level infrastructure in Maharashtra. The partnership is intended to support project identification, development and financing with an emphasis on climate resilience and rural prosperity. The collaboration combines NABARD's expertise in rural development finance, climate finance and green infrastructure financing with MAHAPREIT's experience in climate focused infrastructure development. Together the organisations will seek to structure and fund sustainable projects that improve quality of life in villages and enhance local adaptive capacity. The plan envisages financing models tailored to public institutions and gram panchayat level bodies. MAHAPREIT previously entered a joint venture with NLC India Renewables Limited (NIRL), a subsidiary of NLC India Limited, to develop up to 2,000 MW of renewable projects — including solar, wind, hybrid, floating solar, battery energy storage systems (BESS), pumped storage and solar parks — with an initial focus on 500 MW and a target to scale to 5,000 MW in Maharashtra. The joint venture company will have an equity split of 74 per cent for NIRL and 26 per cent for MAHAPREIT. MAHAPREIT has also agreed with NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, to develop 10 GW of renewable parks and projects in Maharashtra and other states. These prior partnerships will inform financing and delivery under the new memorandum. Initial priority areas include green energy, decarbonisation of government buildings, rural public institution infrastructure and water pumping schemes. The organisations will support biogas and bioenergy generation from agricultural residues and other biomass resources to create income opportunities for farmers and promote the circular economy. NABARD's chairman indicated that the bank is committed to working with like minded stakeholders and views the memorandum as a significant step towards a cleaner and greener rural India.

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

Real Estate

29 Jul 2026

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Equipment

29 Jul 2026

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..