New Delhi: RITES Limited, a Navratna transport infrastructure consultancy under the Government of India, has signed a Memorandum of Understanding (MoU) with NABARD Consultancy Services Pvt. Ltd. (NABCONS), a wholly owned subsidiary of the National Bank for Agriculture and Rural Development (NABARD), to collaborate on infrastructure and rural development projects in India and overseas.
The strategic partnership aims to combine the strengths and domain expertise of both organisations to promote inclusive and sustainable growth. While NABCONS brings in its expertise in agriculture, rural development, natural resource management, and capacity building, RITES will contribute its well-established capabilities in infrastructure planning, engineering, and execution across transport and urban development sectors.
The MoU outlines a comprehensive framework for delivering integrated consultancy and project management services across diverse domains, including rural and urban infrastructure, green and sustainable mobility, agri-logistics, climate-resilient development, digital public infrastructure, smart cities, and multimodal transport systems. The collaboration will also encompass water and irrigation projects, third-party inspection services, and AI/IT-enabled infrastructure initiatives.
Additionally, both organisations plan to explore opportunities in international markets, particularly through projects funded by multilateral development banks and global funding agencies.
With a 51-year legacy and a footprint across over 55 countries, RITES continues to expand its role in India’s infrastructure transformation. This MoU with NABCONS reinforces its commitment to sustainable and inclusive development, particularly in rural and semi-urban regions.
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