In order to fund certain infrastructure projects in Gujarat, the state government and the state-owned Housing and Urban Development Corporation Ltd. (HUDCO) have inked an MoU to share up to Rs 1 lakh crore in funding over the course of two years. On June 17, in Gandhinagar, the two parties signed a memorandum of understanding (MoU) to facilitate infrastructure development and speed up Gujarat’s overall economic growth. Financial assistance for qualified infrastructure projects will be provided by HUDCO under the terms of the agreement, subject to its standard lending policies and procedures.
Investment support of Rs 1,00,000 crore is envisaged in the MoU, and the deal will be effective for two years starting in May 2026. In accordance with current rules and regulations, the Gujarat government will help HUDCO get the required registrations, licenses, clearances, and permissions from the relevant state agencies.
Large-scale infrastructure development in the state might be facilitated by HUDCO’s financing across several sectors, according to the organization. In order to ensure that projects are completed on time, the company is willing to provide money with flexible terms and conditions, such as a repayment schedule and a moratorium period.
Sandeep Kumar (IAS), Secretary (Economic Affairs), Finance Department, Gujarat Government, and Sanjay Kulshrestha, Chairman and Managing Director of HUDCO, signed the agreement on behalf of their respective organisations.
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