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IREDA incorporates subsidiary in GIFT City
May-09-2024

Indian Renewable Energy Development Agency (IREDA) has incorporated a subsidiary at the International Financial Services Centre (IFSC) located in GIFT City, Gujarat. IREDA Global Green Energy Finance IFSC was officially incorporated on May 7, after receiving the no objection letter from the Reserve Bank of India (RBI) in February 2024, to set up the finance company in IFSC GIFT City.

IREDA is a Public Limited Government Company established as a Non-Banking Financial Institution in 1987 engaged in promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation with the motto: ‘Energy For Ever’. 


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