IREDA Arm Secures Provisional Finance Company Registration at Gujarat's GIFT City
2025-02-18
Business Standard
In a significant development, state-owned Indian Renewable Energy Development Agency (IREDA) announced that its wholly-owned subsidiary has received provisional registration as a finance company at the prestigious Gujarat International Finance Tec-City (GIFT City). This move is expected to boost the growth of renewable energy projects in the region, with IREDA playing a vital role in financing sustainable initiatives. As a leading finance company, IREDA aims to support the development of green energy solutions, including solar and wind power, and contribute to India's renewable energy goals. With this registration, IREDA is poised to expand its financial services and support the country's transition to a low-carbon economy.
