CMD IREDA highlights contribution of firm in renewable financing at Pravasi Bharatiya Divas Convention
Highlighting IREDA’s contributions, he emphasized its position as India’s largest pure-play green financing NBFC, managing an asset base of Rs 69,000 Crore ($8.3 billion), and achieving Rs 2.39 Lakh Crore in cumulative sanctions and Rs 1.53 Crore in cumulative disbursements as of Q3 FY25.
CMD IREDA highlights contribution of firm in renewable financing at Pravasi Bharatiya Divas Convention
During the 18th Pravasi Bharatiya Divas Convention, Shri Pradip Kumar Das, CMD of the Indian Renewable Energy Development Agency (IREDA), served as the moderator for a panel discussion titled “Green Connections: The Indian Diaspora’s Contributions to Sustainable Development.”
The session was chaired by Shri Ashwini Vaishnaw, the Hon’ble Minister of Railways, Information & Broadcasting, and Electronics & Information Technology. The discussion emphasized the significant role of the Indian diaspora in promoting global sustainability initiatives and encouraging green growth.
CMD, IREDA set the tone by underscoring India’s leadership in the green energy transition and IREDA’s pivotal role in driving this transformation. With 206 GW of installed renewable energy capacity as of November 2024 and an ambitious target of 500 GW from non-fossil sources by 2030, India stands at the forefront of the global green transition.
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Highlighting IREDA’s contributions, he emphasized its position as India’s largest pure-play green financing NBFC, managing an asset base of Rs 69,000 Crore ($8.3 billion), and achieving Rs 2.39 Lakh Crore in cumulative sanctions and Rs 1.53 Crore in cumulative disbursements as of Q3 FY25.
He also underscored IREDA’s commitment to best-in-class corporate governance initiatives, further solidifying its leadership in the sector.
During the discussion, CMD, and IREDA seamlessly guided the conversation through key themes such as the role of diaspora-driven development & investment in sustainable innovations, the future of green technologies across sectors including agriculture, real estate, battery & green manufacturing, electric mobility, digital, MSME, etc. and global opportunities for collaboration. One of the key points highlighted during the session was the need for enhanced cooperation of the diaspora with Indian-based startups in furthering sustainable agenda.
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