October 4, 2024
2 mins read

Nirmala invites European investors to boost India’s green transition

During the meeting, the European Commissioner highlighted the EU’s initiative called ‘NextGenerationEU Green Bonds…reports Asian Lite News

Union Finance and Corporate Minister Nirmala Sitharaman on Thursday invited European investors to invest in Indian infrastructure and the green transition industry during a meeting with the delegation led by European Commissioner for Budget and Administration, Johannes Hahn.

The Ministry of Finance, in a post on social media “X” added that both sides appreciated significant developments in India and the European Union in recent years.

In the post, the Finance Ministry added, “Both sides appreciated significant developments in India-EU relations in recent years. @JHahnEU highlighted EU’s initiative of ‘NextGenerationEU Green bonds for raising money for green and #sustainable #investments. FM @nsitharaman invited European investors to explore expanding opportunities in Indian infrastructure sector and green transition industry.”

During the meeting, the European Commissioner highlighted the EU’s initiative called ‘NextGenerationEU Green Bonds which aims to raise money for green and sustainable investments, the post added.

For context, the “Next Generation EU” green bond is a European Commission economic recovery package to support the EU member states in recovery from the pandemic Covid-19.

NextGenerationEU green bond funds will be used for nine broad categories of expenditure, including energy efficiency, clean energy, and climate change adaptation, according to the information provided by the European Commission.

Speaking to the ANI earlier on August 1, Hahn highlighted the benefits of Eurobonds, stating that these bonds are an opportunity for Indian investors, as they will not only invest in bonds but will also be investing in European industries.

“It is a AAA-rated bond… it is a solid, sustainable and successful bond that generates quite attractive yields…it contributes to the reinforcement of the European economy, means European single market. The European single market is very important for Indian companies,” he added.

During the interaction, the EU representative batted for the free trade agreement (FTA) between India and the EU, saying that having an FTA would be in the mutual interest of both sides.

Emphasising the need to strengthen relations between both sides, he advocated for a close relationship between India and the EU, adding that there is always room for improvement. (ANI)

ALSO READ: India-Japan strengthen collaboration in science, tech  

Previous Story

India to USCIRF: ‘Utilise time on addressing rights issues in US’

Next Story

Iran will pay a price, says Israel envoy to India

Latest from -Top News

Yunus denies revoking Bangabandhu’s honour

Bangladesh interim government rejects claims it revoked freedom fighter status of Bangabandhu and Mujibnagar leaders, affirming their honour and recognising all contributions to the Liberation War. The interim government of Bangladesh, led

India rallies the ‘stans

As New Delhi hosts the 4th India-Central Asia Dialogue, growing ties in trade, defence, and diplomacy reaffirm India’s long-standing linkages with the region. India is set to host the fourth meeting of

Capitol Hill calls out Pak terror

Bipartisan support in Washington for India’s right to act, as cross-party Indian delegation highlights Pakistan’s terror links in global outreach In a significant show of solidarity, several US Congressmen have condemned the

Joy turns to tragedy

Eleven fans died and dozens were injured during RCB’s IPL victory parade in Bengaluru, after mismanagement, confusion and a sudden downpour triggered a deadly stampede. What should have been a day of

Ice cold clash over Indus

New Delhi defends treaty suspension, calls out Pakistan’s “misuse” of global climate platform India has sharply rebuked Pakistan at a United Nations conference in Tajikistan over allegations surrounding the suspension of the
Go toTop

Don't Miss

27% rise in Covid cases, 5 deaths reported

India had recorded 2,994 new COVID-19 infections yesterday…reports Asian Lite

Global Grief Over J&K Terror Strike

Australian Prime Minister Anthony Albanese also condemned the horrific terror