HUDCO celebrated its 48th Foundation Day today. On the occasion, Hardeep Puri, MoS (I/C) for Housing & Urban Affairs has urged HUDCO to expand its activities and cover a large number of stakeholders under its lending operations by taking up innovative projects to accelerate the pace of investment in housing & urban infrastructure. Durga Shankar Mishra, Secretary, M/o Housing & Urban Affairs and M. Ravi Kant, CMD, HUDCO besides senior officers from the Ministry/State Governments dealing with the urban development and housing were also present on the occasion. 

Appreciating HUDCO team for their growth-oriented performance and the excellent MOU rating that HUDCO has been achieving for the last 7 years, the Housing and Urban Affairs Minister observed that HUDCO has been able to strengthen its growth trajectory from a meager profit of 11 lakhs in 1970 to 1,100 crore, which is indicative of its professional competence. Recollecting what the Prime Minister had recently said while addressing the CPSEs conclave, the 3 keys of success are incentives, imagination and institution building, Puri said that HUDCO has been following these 3-point mantra to sustain its momentum and success and expressed confidence in HUDCO for playing a more proactive role in the housing & urban development sector, both as a lending NBFC and also as a knowledge partner, through its research & training efforts, in the times to come.

Appreciating HUDCO’s contribution in providing techno-financial support to projects in the urban infrastructure sector, Puri expressed satisfaction that these infrastructure projects comprising of water supply, sewerage, drainage, solid-waste management, urban transport and roads & bridges, have effectively improved the living conditions in the urban and rural areas. The fact that social infrastructure is also given a place alongside these services is a positive feature of HUDCO’s lending activities. HUDCO’s 48 years of experience & expertise in infrastructure sector is a strategic advantage for the development of SMART cities.

Puri later presented awards in various categories in the field of housing and infrastructure. These included the Best Practice Awards for improving the Living Environment, Design Awards, Outstanding Performance Award for borrowing agencies as well as the Regional Offices of HUDCO and long-service awards for its employees.



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