This milestone was celebrated at the Export Financing Conference held in New Delhi, where Mr. Shivdutt Das, Executive Director of VSE, joined an expert panel discussion on the benefits and strategies of ECA-backed financing for Indian clients. The panel, which showcased VSE’s financing journey for the Varanasi Ropeway Project, included SERV, the Swiss Export Credit Agency, as a vital partner in enabling the funding. Union Minister for Road Transport & Highways, Hon’ble Nitin Gadkari, delivered the keynote address, emphasizing the government’s focus on innovative financing mechanisms for transformative infrastructure projects.

The Varanasi Ropeway Project, located in the Hon’ble Prime Minister’s constituency, is India’s first urban ropeway and only the second globally, representing a major step in sustainable urban transport. With Bartholet Maschinenbau AG of Switzerland as the technology partner, the loan agreement will support payment for manufacturing and exporting equipment from Switzerland to India.

“This impressive financing underlines VSE’s strong European investment strategy and commitment to securing competitive funding terms, which are essential for pioneering projects like the Varanasi Ropeway,” said Mr. Shivdutt Das, Executive Director of VSE. “We are paving the way for future foreign investments, presenting a blueprint for other Indian infrastructure companies to explore international financing as a viable alternative to domestic sources, while strengthening India’s position in the global infrastructure landscape.”

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The award acknowledges Vishwa Samudra’s proficiency in handling complex projects across the company’s portfolio which includes road constructions, marine structures, irrigation projects and airport runways. By seamlessly integrating cutting-edge technologies and sustainable practices, Vishwa Samudra Group has demonstrated its ability to address the evolving needs of the infrastructure sector while contributing to the broader goal of sustainable and technological development. The recognition in this category highlights the company’s commitment to delivering turnkey projects across various sectors.

Mr. Shivdutt Das, Executive Director, Vishwa Samudra Group received the award on behalf of the company. Expressing his gratitude stated, “We are deeply honored to receive this recognition as we are one of the fewest infrastructure companies in the world with such a diverse spectrum of services across verticals of Roads, Ports, Ropeways, Metros, Buildings, Bridges, Tunnels, Irrigation, Electrical and more. It helps to validate our relentless pursuit of excellence by providing quality projects integrating sustainable practices and new age technologies. This is a testament to the hard work of the entire team and our pursuits to make meaningful impacts in the infrastructure sector.”

The ABP Live India Infrastructure Conclave 2024 – Honouring Excellence is a prominent event that brings together key stakeholders from India’s infrastructure sector. The event celebrates significant advancements and innovations within the field, promoting collaboration and knowledge sharing to foster the growth and development of sustainable infrastructure in India. Vishwa Samudra Group remains committed to its vision of contributing to India’s infrastructure growth by integrating diverse and sustainable practices across its projects.

The post Vishwa Samudra Group conferred with Diverse Impact in Infrastructure Development Award at India Infrastructure Conclave 2024 appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.