Indian Renewable Energy Development Agency (IREDA) has received approval (No Objection letter) from the Reserve Bank of India (RBI) to set up its wholly owned subsidiary in the International Financial Services Centre (IFSC) situated in GIFT City, Gujarat.
IREDA's presence in GIFT City will mark a significant milestone in its mission to spearhead innovative solutions for green financing. This subsidiary will not only be paving the way for IREDA to leave its global footprints but also serve as an offshore platform for securing competitive funding to push the growth of the renewable energy sector, in alignment with the Government of India’s ambitious ‘Panchamrit’ targets. IREDA's expansion into the IFSC Gift City not only establish its position in the global market but also underscores India's commitment for sustainability development.
Indian Renewable Energy Development Agency is a Mini Ratna (Category - I) Government of India Enterprise under the administrative control of Ministry of New and Renewable Energy (MNRE).
