IREDA establishes wholly-owned subsidiary in GIFT City IFSC for global reach and competitive funding in renewables.
IREDA, a state-owned non-banking financial institution focused on renewable energy, has established a wholly-owned subsidiary, IREDA Global Green Energy Finance IFSC Limited, in Gujarat's GIFT City's International Financial Services Centre (IFSC) to extend global reach and secure competitive funding. The subsidiary aims to support the growth of renewable energy sector, aligning with India's 'Panchamrit' targets and providing greater access to innovative financing alternatives and collaboration with international investors.
May 09, 2024
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