https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

IREDA Planning To Establish An Office In Gujarat’s GIFT City

The office at GIFT City, Gandhinagar, will be classified as an overseas office, allowing the IREDA to avoid foreign exchange hedging cost
Indian Masterminds Stories

Indian Renewable Energy Development Agency Limited (IREDA) is planning to establish an office in Gujarat’s GIFT City to finance Renewable Energy projects in foreign currency. The office at GIFT City, Gandhinagar, will be classified as an overseas office, allowing the IREDA to avoid foreign exchange hedging cost. Mr. Pradip Kumar Das, Chairman & Managing Director (CMD). Indian Renewable Energy Development Agency (IREDA) informed this while speaking in a panel discussion on “Scaling up Clean Energy Investment in Emerging Economies” under the aegis of G20 events at the Ministry of New and Renewable Energy on 23 February 2023,

He stressed the significance of the Green Taxonomy to raise the approximately Rs. 25 lakh crores fund for green energy projects by 2030. He suggested that insurance and Superannuation funds can be mandated to invest 2% of their assets under management in Green Bonds to finance green energy projects.

Speaking of the IREDA’s phenomenal growth over the past three years. Mr. Das remarked that we have concentrated on providing handholding approach to our stakeholders with every possible support in compliance with best Corporate Governance Standards. As a result of IREDA’s proactive approach of proper review and monitoring the company has been able to lower its Net NPAs from 7.18% to 2.03% during the past three years. He emphasized that IREDA has been working to ensure highest standards of Corporate Governance by implementing the 3Cs principles of Conviction. Commitment and Clarity. Mr Das said that IREDA has been a trend-setter to introduce unique financial products as per market requirements.

CMD. IREDA also highlighted that all the major multilateral and bilateral agencies such as World Bank, KfW. JICA and ADB. etc. preferred to channel their funds through IREDA for RE projects, demonstrating that IREDA is the top choice for RE funding. He requested these agencies to review their appraisal process in order to speed up financial support by reducing processing time and other bottlenecks. He concluded by saying that IREDA would continue to play a motherly role in the RE sector through financing

Mr Dinesh Jagdale Joint Secretary, MNRE and Mr. Tim Gould, Chief Energy Economist. International Energy Agency (IEA) and other senior officials from ADB, NTPC, SEC and CEEW also participated in the panel discussion.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
HUDCO port investment 2025
₹1.1 Lakh Crore Investment in Ports: HUDCO Joins Hands with SFCL and Major Ports, Partners with 7 Key Port Authorities
Pravaig Veer ev
Meet Pravaig VEER EV: India’s First Defence EV - A Silent Warrior for the Next-Gen Battlefield
Zorawar Lightweight Tank
Zorawar Lightweight Tank: DRDO & L&T’s Game-Changing Answer to China’s Armour, Enters Final Ladakh Trials
SAMANVAY 2025
From Labs to Battlefield: DRDO Hands Over 8 Indigenous Defence Techs Through 12 Licensing Agreements in SAMANVAY 2025
India’s cybersecurity ecosystem
India’s Cybersecurity Ecosystem Rises to Global Prominence – 400+ Startups, 6.5 Lakh Professionals, and CERT-In Fuel a $20 Billion Revolution
MCL Town Hall project Patnagarh
MCL Allocates Rs 9.97 Crore for Town Hall Project in Patnagarh, Strengthening Community Infrastructure in Odisha
SAIL
SAIL Reports 53% Decline in Q2 FY26 Profit to Rs 418 Crore, Revenue Surges Amid Strong Sales Volume
Railtel
RailTel Achieves 27% Growth in Q2 FY26, Reports Rs 966 Crore Income and Announces Interim Dividend
ADVERTISEMENT
ADVERTISEMENT
Videos
IAS Gokul S
Meet IAS Gokul S — The Officer Who Turned Disability into Determination | Video Interview 
WhatsApp Image 2025-10-23 at 10.40
Everybody Needs To Know What Is Transpiring Behind Closed Doors Of Courts
WhatsApp Image 2025-10-19 at 12.23
UPSC Journey Should Be Enjoyable, Not Cumbersome
ADVERTISEMENT
UPSC Stories
IAS Gokul S
Meet IAS Gokul S — The Officer Who Turned Disability into Determination | Video Interview 
Visually impaired IAS officer Gokul S turned his challenges into change, empowering hundreds through...
Parmeshwar Chaudhary RAS
From Taunts to Triumph: How Farmer’s Son Parmeshwar Chaudhary Rose from Lab Assistant to SDM, Securing Rank 3 in RAS 2023
Parmeshwar, once taunted over his SI selection, has scripted a stunning success—securing Rank 3 in RAS...
IAS Rupal Rana UPSC
How Rupal Rana Cracked UPSC CSE 2023 with AIR 26 After Four Attempts
UPSC Topper Rupal Rana secured AIR 26 in 2023 after four attempts. Learn her preparation strategy, booklist,...
Social Media
Tenzin Yangki IPS Arunachal
Historic First: Who Is Tenzin Yangki, Arunachal Pradesh’s First Woman to Join IPS? Anand Mahindra Hails Her
She secured an impressive 545th rank in the prestigious UPSC Civil Services Examination - 2022.
IFS Parveen Kaswan
Heartbreak by the River: 15-Day-Old Elephant Calf Rejected by Mother, Rescued by IFS Parveen Kaswan and His Team
Jaldapra, West Bengal: In a moving incident that tugs at the heart, a 15-day-old elephant calf was rescued...
Ashwini Bhide IAS and Anand Mahindra
Who Is IAS Ashwini Bhide, Hailed as a Role Model for Mumbai Metro Transformation by Anand Mahindra?
From heritage to high-tech: Bhide’s leadership in Metro Line 3 earns public praise and admiration
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Anil Swarup IAS
How Washim’s “Direct Dialogue with ASP” Is Redefining Community Policing
HUDCO port investment 2025
₹1.1 Lakh Crore Investment in Ports: HUDCO Joins Hands with SFCL and Major Ports, Partners with 7 Key Port Authorities
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IAS Gokul S
WhatsApp Image 2025-10-23 at 10.40
WhatsApp Image 2025-10-19 at 12.23
ADVERTISEMENT
ADVERTISEMENT