Manipur govt signs MoU with IIFCL for infrastructure projects

Imphal,Oct 6: In a move to consult for development of various infrastructure projects in the state, the Manipur government has signed an Memorandum of Understanding (MoU) with Indian Infrastructure Finance Company Limited Projects Ltd. (IPL), a subsidiary of Indian Infrastructure Finance Company Limited (IIFCL) on Wednesday.

Additional Chief Secretary (Planning) P Vaiphei represented the state while Deputy Chief Executive Officer Palash Shrivastava represented the IPL during the signing and exchanging of the MoU at the Cabinet Hall of Chief Minister's Secretariat in Imphal. The state Chief Minister N Biren Singh along with Chief Secretary Dr Rajesh Kumar, Additional Chief Secretaries MH Khan and Letkhogin Haokip, Commissioner (Works) T Ranjit, Commissioner (Agriculture/IPR) M Joy, Managing Director IIFCL PR Jaishankar and other high ranking officials of the State Government and IIFCL were also present in the day's event.

It may be mentioned that the Manipur State Planning Authority was constituted under sub-section (1) of section 3 of the Manipur State Planning Authority Act, 2021 for the preparation of a plan for the development of the State and for coordinating and monitoring the implementation of such plan and for evolving harmonized policies for the control of land-uses and development of infrastructure so as to ensure planned development of the State. The Chief Minister is the Chairman of the authority.

IPL is a wholly owned subsidiary of Indian Infrastructure Finance Company Limited (IIFCL), a Government of India Enterprise. IIFCL, a premier infrastructure financing institution in India, promoted IPL in February 2012 as a dedicated project advisory company involved in the areas of project appraisal, syndication, transaction advisory, and infrastructure consultancy services.

The company caters to the demand for advisory services to projects across the spectrum of infrastructure sector including roads, highways, ports, airports, power including renewable, tourism, urban infrastructure like water supply and sewerage projects, solid waste management, etc. It will provide project advisory and institutional support to assist in development of various infrastructure projects in Manipur by undertaking project preparatory studies and advisory services related to infrastructure project development and resource mobilisation.