📷 Image: Wikimedia Commons / Ministry of Housing and Urban Poverty Alleviation
Business
HUDCO signs Rs 25,000‑crore loan MOU with Bihar to boost industrial infrastructure
✍️ ndtvprofit.com
🗓 03 Sep 2026, 01:35 AM
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HUDCO and the Bihar government have entered into a memorandum of understanding for a Rs 25,000‑crore loan aimed at developing the state’s industrial infrastructure.
HUDCO, the Housing and Urban Development Corporation, has signed a memorandum of understanding with the Bihar government to provide a loan of Rs 25,000 crore for the development of industrial infrastructure across the state.
The agreement outlines the use of the funds for setting up industrial parks, improving logistics corridors, and upgrading utilities that are critical for attracting manufacturing investments.
State officials expect the financing to accelerate existing projects and spur new ventures, thereby creating jobs and enhancing Bihar’s competitiveness in the national industrial landscape.
HUDCO’s involvement reflects its broader mandate to support large‑scale infrastructure initiatives, and the partnership signals the Bihar administration’s focus on strengthening the state’s economic base.
The agreement outlines the use of the funds for setting up industrial parks, improving logistics corridors, and upgrading utilities that are critical for attracting manufacturing investments.
State officials expect the financing to accelerate existing projects and spur new ventures, thereby creating jobs and enhancing Bihar’s competitiveness in the national industrial landscape.
HUDCO’s involvement reflects its broader mandate to support large‑scale infrastructure initiatives, and the partnership signals the Bihar administration’s focus on strengthening the state’s economic base.