IREDA Expands: Opens Office in GIFT City

23 Apr 2024 CW Team

The move, announced by Shri Pradip Kumar Das, Chairperson & Managing Director of IREDA, underscores the agency's commitment to fostering a sustainable and green future for India. Speaking at a panel discussion on "Future Growth Opportunities for Long Duration Energy Storage" during the World Future Energy Summit 2024 in Abu Dhabi on April 17, 2024, Shri Das highlighted the strategic importance of the initiative.

Shri Das emphasized the pivotal role of energy storage in realizing the goals of the National Green Hydrogen Mission, particularly the ambitious target of over 5 million metric tons per annum (MTPA) Hydrogen production by 2030. Identifying key priorities, he stressed the necessity of advancing storage technologies through increased research and development efforts.

Furthermore, Shri Das advocated for the formulation of policies aimed at strengthening the supply chain network, essential for the successful deployment of energy storage technologies. He underscored the importance of providing competitive and tailored financial solutions to incentivize investments in energy storage projects.

India has been proactive in this sphere, with initiatives such as formulating a storage requirement roadmap up to 2047, issuing technology-agnostic storage tenders, and implementing supportive government interventions for battery manufacturing and pumped storage hydropower projects. According to projections by the Central Electricity Authority of India, the country is expected to require nearly 400 gigawatt-hours (GWh) of storage capacity by 2030-32, necessitating an estimated investment exceeding Rs. 3.5 lakh crores.

IREDA, renowned for its role in financing renewable energy projects, remains committed to supporting the deployment of energy storage technologies in India. The opening of its office in GIFT City, Gandhinagar, marks a significant step towards facilitating access to innovative financial products and reducing financing costs for crucial green initiatives.

As India marches towards a greener and more sustainable future, initiatives like these underscore the nation's commitment to leading the global transition towards renewable energy and mitigating the impacts of climate change.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Indian Renewable Energy Development Agency Ltd. (IREDA) has taken a significant stride towards promoting renewable energy projects with the inauguration of its office in GIFT City, Gandhinagar. This new office will specialize in offering debt options denominated in foreign currencies, aiming to revolutionize financing for Green Hydrogen and Renewable Energy Manufacturing ventures. The move, announced by Shri Pradip Kumar Das, Chairperson & Managing Director of IREDA, underscores the agency's commitment to fostering a sustainable and green future for India. Speaking at a panel discussion on Future Growth Opportunities for Long Duration Energy Storage during the World Future Energy Summit 2024 in Abu Dhabi on April 17, 2024, Shri Das highlighted the strategic importance of the initiative. Shri Das emphasized the pivotal role of energy storage in realizing the goals of the National Green Hydrogen Mission, particularly the ambitious target of over 5 million metric tons per annum (MTPA) Hydrogen production by 2030. Identifying key priorities, he stressed the necessity of advancing storage technologies through increased research and development efforts. Furthermore, Shri Das advocated for the formulation of policies aimed at strengthening the supply chain network, essential for the successful deployment of energy storage technologies. He underscored the importance of providing competitive and tailored financial solutions to incentivize investments in energy storage projects. India has been proactive in this sphere, with initiatives such as formulating a storage requirement roadmap up to 2047, issuing technology-agnostic storage tenders, and implementing supportive government interventions for battery manufacturing and pumped storage hydropower projects. According to projections by the Central Electricity Authority of India, the country is expected to require nearly 400 gigawatt-hours (GWh) of storage capacity by 2030-32, necessitating an estimated investment exceeding Rs. 3.5 lakh crores. IREDA, renowned for its role in financing renewable energy projects, remains committed to supporting the deployment of energy storage technologies in India. The opening of its office in GIFT City, Gandhinagar, marks a significant step towards facilitating access to innovative financial products and reducing financing costs for crucial green initiatives. As India marches towards a greener and more sustainable future, initiatives like these underscore the nation's commitment to leading the global transition towards renewable energy and mitigating the impacts of climate change.

Infrastructure Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

Real Estate

10 Jul 2026

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Real Estate

10 Jul 2026

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..