NaBFID partners UPICON on infrastructure financing

By Milan Rojan

The National Bank for Financing Infrastructure and Development (NaBFID) has signed a Memorandum of Agreement (MoA) with UP Industrial Consultants Limited (UPICON) to jointly deliver transaction advisory services for infrastructure projects across Uttar Pradesh.

Monika Kalia, Deputy Managing Director and Chief Financial Officer, NaBFID, said: “Infrastructure growth depends on a strong pipeline of well-structured and sustainable projects. This partnership reaffirms our commitment to strengthen infrastructure financing ecosystem by offering comprehensive advisory services along with innovative financing solutions to support the development of investment-ready projects in Uttar Pradesh.”

The partnership was established to support the planning, financing and execution of infrastructure projects by providing services including transaction advisory, financial modelling, debt raising and credit enhancement. The organisations said the collaboration aims to improve project preparation and strengthen the financial viability of infrastructure developments across the state.

Under the agreement, NaBFID and UPICON will work together to help develop investment-ready infrastructure projects capable of attracting long-term capital while supporting sustainable infrastructure financing.

Himanshu Gulliani, Executive Vice President and Head of Strategy and Partnerships, NaBFID, said: “Through this partnership with UPICON, we aim to accelerate infrastructure development in Uttar Pradesh by providing transaction advisory support and helping create financially viable projects that can attract long-term capital.”

The partnership has reflected growing efforts to strengthen the infrastructure financing ecosystem through specialist advisory services, with the two organisations aiming to improve access to financing and support the delivery of financially sustainable infrastructure projects across Uttar Pradesh.