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IREDA sets up subsidiary in GIFT City

IREDA sets up subsidiary in GIFT City

Indian Renewable Energy Development Agency Ltd. (IREDA) has incorporated a wholly owned subsidiary in the International Financial Services Centre (IFSC) located in Gujaratโ€™s GIFT City to extend its global reach for securing funds at competitive rates to boost green projects in the country, the Ministry of Renewable Energy said today. PIB

Commenting on the development, Chairperson & Managing Director of IREDA, Pradip Kumar Das, said that IREDAโ€™s presence in GIFT City signifies a momentous step in its mission to pioneer innovative approaches to green financing.

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