NaBFID and New Development Bank Sign MoU for Collaboration

14 Apr 2025 CW Team

The National Bank for Financing Infrastructure and Development (NaBFID), a leading Development Financial Institution (DFI) in India, has entered into a Memorandum of Understanding (MoU) with the New Development Bank (NDB) to create a strategic framework for collaboration in infrastructure financing. The agreement focuses on building a deep and sustainable infrastructure financing market and fostering a supportive ecosystem around it.

The NDB, established by the BRICS nations—Brazil, Russia, India, China, and South Africa—is a multilateral development bank aimed at mobilizing resources for infrastructure and sustainable development projects in emerging markets and developing countries (EMDCs). Through this partnership, both institutions seek to address the infrastructure financing gap and explore long-term cooperation, including the exchange of technical knowledge and expertise.

The collaboration is expected to focus on clean energy and transportation sectors, including renewable energy projects and sustainable water and sewage management. The MoU enables both organisations to work jointly on infrastructure projects through thematic collaborations aligned with their mandates.

In addition to project collaboration, the partnership will also extend to research and capacity-building efforts. Both institutions plan to conduct joint seminars, workshops, and other knowledge-sharing initiatives to enhance institutional capabilities and promote innovation in infrastructure financing. This strategic alliance is a step towards strengthening India’s infrastructure development and contributing to sustainable growth in emerging economies.

News source: Deccan Herald

Image Source:www.adb.org

Infrastructure Energy

05 Jun 2026

India Adds Record 44.61 GW Solar Capacity in FY2026

India’s solar sector reached a milestone in FY2026, with cumulative installed capacity crossing 150 GW and annual additions hitting a record 44.61 GW, exceeding the government target of 34 GW and nearly doubling FY2025’s 23.83 GW. Distributed Renewable Energy contributed 16.3 GW, while PPA and C&I segments accounted for 34 per cent and 30 per cent, respectively.India has risen from 9th globally in 2015 to 3rd in cumulative solar capacity by 2025 and is set to become the world’s second-largest solar market in annual installations in 2026. Seven states, led by Rajasthan and Gujarat, ac..

Abhee Ventures unveils Scottish-themed 45-acre township in Bengaluru

Abhee Ventures, a leading South Indian real estate developer, has announced “Codename New Dimension,” a 45-acre Scottish-themed residential township at Gunjur on Whitefield–Sarjapur Road, Bengaluru. Strategically located between Whitefield and Sarjapur Road, Gunjur benefits from strong connectivity to the Outer Ring Road IT corridor, ITPL, EPIP, the upcoming Dommasandra Metro Station, and the proposed SWIFT City and Peripheral Ring Road.The township, designed in collaboration with London-based UHA London and India’s RSP Architects, offers low-density living with 85 per cent open spaces..

Hindalco unveils Eternia experience centre for high-performance aluminium windows

Hindalco Industries, the metals flagship of the Aditya Birla Group, has launched its Eternia experience centre in Lajpat Nagar, New Delhi, highlighting its high-performance aluminium window systems designed for India’s evolving construction sector. The company is also expanding its manufacturing footprint in North India with a new Bilaspur facility.Eternia has emerged as one of the fastest-growing brands in system aluminium windows, registering nearly 65 per cent CAGR over the last three years. With a nationwide network of 170+ channel partners across 100+ cities, the brand serves homeowners..