The CDP Group is participating to the Italian government Mission to India and announced today the successful signing of a Memorandum of Understanding with Srei, one of India’s largest holistic infrastructure institutions.
The agreement – signed on the behalf of CDP Group by Ms. Antonella Baldino, Chief Business Officer of Cassa depositi e prestiti and Mr. Alessandro Decio, CEO of SACE, and by Mr. Sunil Kanoria, Vice Chairman of Srei – creates a formal cooperation framework to facilitate Italy-India business relations.
Through the MoU, the CDP Group and Srei will work together to facilitate the financing of mutual interest transactions in infrastructure sector, involving Italian exporters and Indian importers, especially SMEs. The collaboration will also include exchange of information and sharing of best practices between the parties.
Srei has been playing a significant role in nation-building for over two-and-a-half decades, both in urban and rural India. The company has USD 5.5 billion of consolidated assets under its management. SACE, the CDP Group company, has already completed two operations with Srei for a total value of more than 35 million euros .