NBCC and Department of Posts Ink MoU to Redevelop Land Parcels Across India
NBCC signs an MoU with the Department of Posts to redevelop postal land parcels pan-India on a self-sustainable model, enhancing public infrastructure and asset utilization.
New Delhi, India. In a recent effort to make better use of government-owned land and improve infrastructure, NBCC (India) Limited has signed a Memorandum of Understanding (MoU) with the Department of Posts (DoP). The agreement focuses on the redevelopment of land parcels across India using a self-sustainable model.
Shri Parimal Sinha, Deputy Director General (Estates & MM) at the Department of Posts, and Shri Pradeep Sharma, Executive Director (Business Development) at NBCC, signed the MoU. They were joined by the Director General of the Department of Posts, the CMD of NBCC, the Director (Commercial) of NBCC, and other senior officials from both organizations.
This partnership will aim at the efficient and sustainable redevelopment of underused or vacant land owned by the postal department. The model is expected to generate revenue, improve infrastructure, and ensure better land use while keeping environmental and financial sustainability in mind.
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Officials from NBCC pointed out the importance of this collaboration in helping the Government of India’s goals for asset monetization and smart urban development. Meanwhile, the Department of Posts highlighted the chance to improve operational efficiency through better infrastructure.
This MoU represents another step in NBCC’s ongoing work to modernize infrastructure for government agencies, drawing on its extensive experience in redevelopment, engineering, and project management.
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