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Surat issued India’s first internationally certified green bond, raising ₹200 crore for sustainability projects.
On October 16, 2025, Surat Municipal Corporation listed a ₹200 crore green bond on the National Stock Exchange, becoming India’s first municipally issued green bond with international certification.
The bond, which saw eight times oversubscription, will fund solar energy, water conservation, and green transportation projects.
Chief Minister Bhupendra Patel highlighted the initiative as a model for sustainable urban development, aligning with national goals of net-zero emissions by 2070 and Viksit Bharat by 2047.
Mayor Daxesh Mavani emphasized Surat’s leadership in cleanliness and green mobility, citing 14 national awards and strong investor interest.
The event underscored India’s growing focus on green finance and public participation in climate action.
Surat emitió el primer bono verde internacionalmente certificado de la India, recaudando ₹ 200 crores para proyectos de sostenibilidad.