NBCC Inks MoU with SIDBI

NEW DELHI- NBCC (India) Limited, a public sector undertaking under the Ministry of Housing and Urban Affairs, has signed a Memorandum of Understanding (MoU) with the Small Industries Development Bank of India (SIDBI) for the development of properties across India. 

The MoU was signed by Shri Pradeep Sharma, Chief General Manager (Engineering) of NBCC, and Shri Manas Ranjan Hati, Deputy General Manager of SIDBI, in the presence of senior officials from both organizations.

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The MoU aims to facilitate the development and redevelopment of properties owned by NBCC across India, with a focus on optimizing their utilization and generating revenue. 

Under the agreement, SIDBI will provide financial support and assistance to NBCC for the development of these properties, which will include commercial, residential, and institutional properties.

Both NBCC and SIDBI expressed their commitment to work closely and collaborate in identifying and executing viable projects that align with the government's vision of urban development and economic growth.

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The partnership between NBCC and SIDBI is expected to leverage their respective strengths and expertise in the field of real estate and finance to drive the development of properties and contribute to the overall growth of the country.

The signing of the MoU between NBCC and SIDBI is a significant step towards unlocking the potential of NBCC's properties and promoting sustainable development across India. 

It is expected to pave the way for further collaborations and synergies between public sector enterprises to drive economic growth and development in the country.

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