Puri asks Hudco to expand activities

New Delhi: Calling upon HUDCO to expand its activities, Union Minister of State (I/C) for Housing & Urban Affairs Hardeep Puri on Wednesday urged HUDCO to cover a large number of stakeholders under its lending operations by taking up innovative projects to accelerate the pace of investment in housing and urban infrastructure realising the much-desired PSU "Pragati Sewa Urja" status, as envisioned by Prime Minister Narendra Modi.

While speaking at an event organised to celebrate the 48th Foundation Day of HUDCO, Puri also suggested that HUDCO may focus on the needs of aspirational districts thus helping in the balanced development across the country.

Appreciating HUDCO team for their growth-oriented performance and the excellent MOU rating that HUDCO has been achieving for the last 7 years, Puri said, "The HUDCO has been able to strengthen its growth trajectory from a meager profit of Rs 11 lakh in 1970 to Rs 1,100 crore, which is indicative of its professional competence."

Recollecting what the Prime Minister had recently said while addressing the CPSEs conclave, the three keys to success are incentives, imagination and institution building, Puri said that HUDCO has been following these 3-point mantras to sustain its momentum and success and expressed confidence in HUDCO for playing a more pro-active role in the housing and urban development sector.

Housing Secretary Durga Shankar Mishra and HUDCO CMD M Ravi Kant were also present on the occasion.