The Indian Renewable Energy Development Agency (IREDA) Limited incorporated a wholly owned subsidiary named ‘IREDA Global Green Energy Finance IFSC Limited’ in the International Financial Services Centre (IFSC) located in GIFT City, Gujarat.
Mr. Pradip Kumar Das, Chairperson & Managing Director of IREDA, said that the PSU’s presence in GIFT City signifies a momentous step in its mission to pioneer innovative approaches to green financing. “This subsidiary not only positions IREDA to extend its global reach but also acts as an offshore platform for securing competitive funding to drive the renewable energy sector’s growth, aligning with the Government of India’s ambitious ‘Panchamrit’ targets,” observed Mr. Das.
He further stated that IREDA’s entry into the IFSC shall unlock fresh business prospects and establish its global footprint in the renewable energy sector.
