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Manipur inks MoU with IIFCL for infrastructure development projects

The State Government was represented by Additional Chief Secretary (Planning) P. Vaiphei and the IPL by its Deputy Chief Executive Officer Palash Shrivastava. The MoU was exchanged in the presence of Chief Minister N. Biren Singh at the Cabinet Hall of the Chief Minister’s Secretariat.

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Imphal: The State Government has signed an MoU with IIFCL Projects Ltd. (IPL), a subsidiary of Indian Infrastructure Finance Company Limited (IIFCL), for engaging the company as the principal consultant to Manipur State Planning Authority for the development of various infrastructure projects in the State Wednesday. 

The State Government was represented by Additional Chief Secretary (Planning) P. Vaiphei and the IPL by its Deputy Chief Executive Officer Palash Shrivastava. The MoU was exchanged in the presence of Chief Minister N. Biren Singh at the Cabinet Hall of the Chief Minister’s Secretariat.

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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 co-ordinating 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 the 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 the development of various infrastructure projects in Manipur by undertaking project preparatory studies and advisory services related to infrastructure project development and resource mobilization.

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 at the occasion.

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