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Mumbai April 25 Nabard Consultancy Services (NABCONs) has signed a memorandum of understanding with Rabo India Finance for advisory and co-financing of projects.

The co-financing will be in agriculture, agro-processing, agri-infrastructure and renewable energy among others, said a press statement from Nabard. The specific areas of cooperation will be in food and agribusiness, rural development and planning, public-private partnerships, storage and warehouses, and rural retailing, the release added.

Rabo India Finance and Nabard Consultancy Services also signed a Letter of Intent (LoI) to share knowledge and market expertise for assisting agriculture and rural sectors in India. The LoI will focus on the core competencies of both institutions.

Mr Y.S.P. Thorat, Chairman, Nabard said, "The Indian agricultural market is opening up to global opportunities. Combining our strengths with Rabo will give us access to a new set of global knowhow. Nabard will also be able to channelise the resources of Rabo towards Indian agribusiness through co-financing."

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