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

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..