Gujarat Govt. and HUDCO sign MoU for Viksit Gujarat infrastructure development

GANDHINAGAR : A MoU signed between the State Government and HUDCO in the presence of Chief Minister Shri Bhupendra Patel

• MoU signed between IIM Ahmedabad and the State Government for pre-feasibility studies and detailed project reports to ensure effective implementation of various projects
• Inclusion of infrastructure development projects such as expressways, sports infrastructure, modern infrastructure in Dholera, and Ahmedabad Metro Phases 2 and 3

Under the guidance of Chief Minister Shri Bhupendra Patel, Gujarat has taken a significant step towards realising the vision of Viksit Gujarat 2047, in alignment with Prime Minister Shri Narendra Modi’s vision of Viksit Bharat 2047.

In the presence of Chief Minister Shri Bhupendra Patel, an MoU was signed in Gandhinagar between the Government of Gujarat and the Housing and Urban Development Corporation Limited (HUDCO) for providing long-term financing of Rs. 1 lakh crore for various infrastructure development projects across the State through a strategic partnership. Finance Minister Shri Kanubhai Desai and Minister of State Shri Kamleshbhai Patel were present on the occasion.

As a follow-up to the recent high-level meeting between Chief Secretary Shri M.K. Das and senior officials of HUDCO regarding the provision of adequate financial resources for infrastructure projects being implemented by various State Government departments, HUDCO will extend long-term financing of Rs. 1 lakh crore to support these development initiatives across Gujarat.

The long-term funding will be utilised for the implementation of key development projects across the State, including Gujarat Metro Rail Phases 2 and 3, expressways, sports infrastructure, and the creation of world-class modern infrastructure in Dholera.

Additionally, the State Government signed another MoU with the Indian Institute of Management (IIM), Ahmedabad.

Under this MoU, IIM Ahmedabad will undertake pre-feasibility studies, feasibility assessments, preparation of Detailed Project Reports (DPRs), and impact evaluations for various projects envisioned under the Viksit Gujarat 2047 initiative to facilitate their effective implementation.

CM expressed confidence that this landmark partnership would provide fresh impetus to infrastructure development, urban transformation, and inclusive economic growth across the state.

The MoU between the State Government and HUDCO was signed and exchanged by HUDCO Chairman and Managing Director Shri Sanjay Kulshrestha on behalf of HUDCO and Shri Sandeep Kumar, Secretary (Economic Affairs), Finance Department, on behalf of the Government of Gujarat.

The MoU with IIM Ahmedabad was signed by Prof. Sandip Chakrabarti, Chairperson, Public Systems Group, IIM Ahmedabad, representing the institute.

The MoU signing ceremony was attended by Chief Secretary Shri M.K. Das, Advisor to the Chief Minister Shri S.S. Rathore, Additional Chief Secretary, Finance Department, Shri T. Natarajan, Principal Secretary to the Chief Minister Shri Sanjeev Kumar, Additional Principal Secretary to the Chief Minister Dr Vikrant Pandey, Secretary Dr Ajay Kumar, and other senior officials.