IL&FS & ICBC Asia signs MoU to serve Infra sector

IL&FS has signed a MOU with Industrial and Commercial Bank of China (Asia) Limited (ICBC (Asia)), based in Hong Kong and a wholly owned subsidiary of Industrial and Commercial Bank of China Limited for broad level cooperation in project development services and financing services related to infrastructure sector.

The scope of cooperation is for providing infrastructure project development services, including financial services relating thereto, trade, corporate banking, investment banking and treasury related services, debt raising, advisory and other form of permissible economic cooperation for projects in North and East Asia region and is expected to help both the institutions in developing related businesses in the geographies outlined.