Question
What is the objective of the pact signed between RITES
and Indian Railway Finance Corporation (IRFC)?Solution
RITES has signed a pact with the Indian Railway Finance Corporation (IRFC) to explore possibilities of collaborating in the railway ecosystem and transport infrastructure sector.RITES will offer consultancy and advisory services and assist in ascertaining the financial & technical viability of projects, while IRFC will provide financial services to projects/ institutions that have got backwards and forward linkages with the Railways.
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