PFC a Maharatna company and the largest NBFC in India, is partnering with SACE, the Export Credit Agency of Italy, for an innovative ECA-backed financing facility under its “Push Strategy” initiative. This proposed partnership will position PFC as the first government owned entity in India to partner with SACE under this programme. Through this structure, PFC shall benefit from an 80% guarantee from SACE, with HSBC acting as a coordinating bank, lead arranger and facility agent for the financing of up to Euro 200 million. Further the envisaged financing under the “Push Strategy” ill provide project owners across India an opportunity to access Italian technology and collaborate with Italian companies through business- matching activities.

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