State-owned India Infrastructure Finance Company Ltd has signed an agreement with the Export- Import Bank of Korea (K-EXIM) for infrastructure finance.
The MOU scope covers cooperation in project and investment financing related to infrastructure as well as other finance areas of mutual interest, IIFCL said in a statement.
The government has already drawn up plans for huge investments in infrastructure.
The Korean government has also show keen interest in developing infrastructure in India with a variety of overseas experiences and know-how.
K-EXIM, an export credit agency funded by the Korean government, provides export financing, guarantees and other forms of credit services to facilitate trade and overseas investment of Korean companies.
The pact comes amid South Korean President Park Geun-hye's visit to India.
