PFC ties with Italian export credit agency SACE to boost India-Italy cooperation

State-owned Power Finance Corporation (PFC) on Friday said it has become the first government firm to collaborate with SACE, an Italian export credit agency, to boost the cooperation between the two countries. PFC is partnering with SACE, the export credit agency of Italy, for an innovative ECA-backed financing facility under its ‘Push Strategy’ initiative, according to a statement.

This proposed partnership will position PFC as the first government-owned entity in India to partner with SACE under this initiative.