Gurugram, July 28, 2023: RITES Ltd, India’s leading transport infrastructure consultancy and engineering firm, today signed a memorandum of understanding (MoU) with Indian Railway Finance Corporation (IRFC) to explore avenues of mutual collaboration in the railway eco-system and the transport infrastructure sector.

Senior officials of RITES Ltd and IRFC at the MoU-signing ceremony in Gurugram

As part of the MoU, RITES will offer consultancy & advisory services and assist in ascertaining the financial & technical viability of projects, while IRFC will provide financial services to projects/ institutions that have got backward and or forward linkages with the Railways.

Mr. Manobendra Ghoshal, Chief Strategy Officer, RITES Ltd., said, “Together, RITES’ consultancy prowess and IRFC’s financial expertise will stimulate mega and critical projects and drive sustainable growth in the transport infrastructure sector. The strategic partnership, through knowledge sharing, will also bring in synergy and innovation in the consultancy domain.”