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REC and SMFCL team up to boost maritime infrastructure financing jointly
- IBJ Bureau
- Oct 30, 2025
REC and Sagarmala Finance Corporation (SMFCL), have signed a Memorandum of Understanding (MoU) at the India Maritime Week 2025 in Mumbai.
The MoU has been was formally signed between Saraswathi, the executive director (infrastructure and logistics) of REC, and A C Nayak, the director (finance) of SMFCL, and S T Selvam, the director (projects) of SMFCL.
The purpose of the MoU is to explore collaboration and joint financing opportunities in India’s critical maritime and allied infrastructure sectors. This collaboration marks a significant step towards leveraging the financial strengths of both institutions to accelerate and boost rapid development in India’s port-led infrastructure and blue economy objectives.
Speaking on the occasion, representatives from both the organisations have expressed optimism about the collaboration, emphasising its potential to contribute significantly to India’s blue economy and sustainable maritime development.
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