In its quest to expand its operational ambit further, the Infrastructure Leasing & Financial Services Limited (IL&FS), in a recent development has signed a memorandum of understanding (MoU) with Industrial and Commercial Bank of China (Asia) Limited (ICBC (Asia)) based in Hong Kong, a wholly-owned subsidiary of Industrial and Commercial Bank of China Limited, Managing Director & CEO, IL&FS Financial Services, Ramesh C Bawa said adding that the agreement will help them in the North and East Asia region for providing infrastructure project development services, including financial services relating to, trade, corporate banking, investment banking and treasury related services and debt raising, advisory among others. The company has forged a valuable alliance, which will leverage its global network and expertise to drive further development and innovation in the infrastructure space.