IREDA Establishes Green Financing Subsidiary
ECONOMY & POLICY

IREDA Establishes Green Financing Subsidiary

The Indian Renewable Energy Development Agency (IREDA) has established a subsidiary in the Gujarat International Finance Tec-City (GIFT City) to focus on green financing initiatives. This strategic move aims to bolster IREDA's efforts in promoting renewable energy projects and facilitating sustainable development.

The newly incorporated subsidiary will play a pivotal role in expanding IREDA's presence in the renewable energy sector and catalysing investments in green projects. By leveraging the financial ecosystem of GIFT City, the subsidiary aims to enhance access to capital and support the financing needs of renewable energy projects across India.

IREDA's decision to establish a subsidiary in GIFT City underscores its commitment to advancing renewable energy deployment and fostering innovation in the sector. The subsidiary will serve as a dedicated platform for facilitating green financing and promoting investments in renewable energy infrastructure.

The incorporation of the subsidiary aligns with India's ambitious renewable energy targets and commitment to transitioning towards a low-carbon economy. It reflects IREDA's proactive approach to leveraging financial markets and institutional frameworks to accelerate the adoption of renewable energy technologies.

Through its subsidiary in GIFT City, IREDA aims to provide a comprehensive suite of financial services tailored to the needs of renewable energy developers and investors. By strengthening the financing ecosystem for green projects, the subsidiary will contribute to India's sustainable development goals and support the country's transition towards clean and renewable energy sources.

The Indian Renewable Energy Development Agency (IREDA) has established a subsidiary in the Gujarat International Finance Tec-City (GIFT City) to focus on green financing initiatives. This strategic move aims to bolster IREDA's efforts in promoting renewable energy projects and facilitating sustainable development. The newly incorporated subsidiary will play a pivotal role in expanding IREDA's presence in the renewable energy sector and catalysing investments in green projects. By leveraging the financial ecosystem of GIFT City, the subsidiary aims to enhance access to capital and support the financing needs of renewable energy projects across India. IREDA's decision to establish a subsidiary in GIFT City underscores its commitment to advancing renewable energy deployment and fostering innovation in the sector. The subsidiary will serve as a dedicated platform for facilitating green financing and promoting investments in renewable energy infrastructure. The incorporation of the subsidiary aligns with India's ambitious renewable energy targets and commitment to transitioning towards a low-carbon economy. It reflects IREDA's proactive approach to leveraging financial markets and institutional frameworks to accelerate the adoption of renewable energy technologies. Through its subsidiary in GIFT City, IREDA aims to provide a comprehensive suite of financial services tailored to the needs of renewable energy developers and investors. By strengthening the financing ecosystem for green projects, the subsidiary will contribute to India's sustainable development goals and support the country's transition towards clean and renewable energy sources.

Next Story
Infrastructure Urban

Aadhaar Authentications Cross 27 Billion in FY25

Aadhaar authentication transactions surged past 27.07 billion in FY 2024–25, including 2.47 billion in March alone, reflecting its growing adoption across sectors such as banking, finance, telecom, and public service delivery. Since its inception, the cumulative number of Aadhaar authentication transactions has exceeded 148 billion.The Unique Identification Authority of India’s (UIDAI) AI/ML-based face authentication technology is also witnessing a sharp rise in usage. In March 2025 alone, over 150 million face authentication transactions were recorded. This biometric modality is now used ..

Next Story
Infrastructure Urban

IEPFA Holds Preparatory Meet for 'Niveshak Shivir' Initiative

The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, Government of India, hosted a preparatory meeting on April 28, 2025, with Nodal Officers from stakeholder companies via video conference. The session, chaired by IEPFA CEO Smt. Anita Shah Akella, focused on finalising operational plans for the upcoming ""Niveshak Shivir"" initiative—a joint effort between IEPFA and the Securities and Exchange Board of India (SEBI).""Niveshak Shivir"" aims to improve investor services and streamline the claims process by reaching out to cities with a high nu..

Next Story
Infrastructure Urban

India, France Sign Deal for 26 Rafale-Marine Jets for Navy

India and France have signed an Inter-Governmental Agreement (IGA) for the acquisition of 26 Rafale-Marine aircraft for the Indian Navy, comprising 22 single-seater and four twin-seater jets. The deal also includes training systems, simulators, associated equipment, weapons, and performance-based logistics, along with additional equipment for the Indian Air Force’s existing Rafale fleet.The IGA was signed by India’s Defence Minister Rajnath Singh and French Minister of Armed Forces Sébastien Lecornu. The agreement, along with supply protocols for aircraft and weapons, was exchanged in the..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?