How Can GIFT City Help India In Achieving The Net Zero Goals Through Green Financing?

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Kalyanaraman Rajaraman, Chairperson of IFSCA, elucidates on the pivotal role of GIFT City in aiding the country’s pursuit of net-zero goals. Kalyanaraman Rajaraman says India has estimated investment of around $10 trillion to achieve its net-zero objective, emphasizing the necessity for new forms of capital and financial services. GIFT City has established a green financing ecosystem, implementing policies mandating 5% of lending to be directed towards green initiatives within Indian corporates. Additionally, GIFT City has introduced a Green bond framework to facilitate international investors in sustainable projects. Kalyanaraman Rajaraman anticipates significant growth within this system, bolstering the development of a robust green financial ecosystem.

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