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

Araghchi: Hold US, Israel Accountable

The Iranian foreign minister emphasised that the UNSC should hold the “aggressors” accountable and act to prevent the recurrence of such “crimes.”…reports Asian Lite News Iranian Foreign Minister Seyed Abbas Araghchi urged

Jaishankar Heads to US for Quad Talks

EAM Jaishankar will be inaugurating an exhibition titled, “The Human Cost of Terrorism” at the United Nations Headquarters, New York on June 30….reports Asian Lite News External Affairs Minister (EAM) S. Jaishankar

Uganda’s President Museveni to seek reelection

The upcoming general elections will not only determine the presidency but also see voters elect lawmakers to the national assembly Uganda’s President Yoweri Museveni is set to seek reelection for another term

Eritrea seeks to end UN probe into abuses

The mandate in question is held by the Special Rapporteur, a position currently occupied by Sudanese human rights lawyer Mohamed Abdelsalam Babiker In a rare and potentially precedent-setting move, Eritrea is attempting
Go toTop

Don't Miss

Shami’s fifer puts India in control

Pacer Mohammed Shami’s fifer put India in a commanding position

NSA Doval meets Putin in Moscow

Doval reiterated the call for an inclusive and representative government