New Delhi: Shri Pradip Kumar Das, Chairman and Managing Director of the Indian Renewable Energy Development Agency (IREDA), delivered a powerful message on Sunday, asserting that green finance is an “essential, not optional” component for achieving India’s goal of becoming a “Viksit Bharat” (Developed India).
In a special message for the upcoming 18th CII Banking Colloquium to be held at Kolkata on 10 September, the Head of the Navratna public sector enterprise stressed that sustainable financing is a non-negotiable cornerstone of the nation’s future growth.
He highlighted IREDA’s pivotal role over nearly four decades in catalyzing the country’s clean energy transition through its support for renewable energy, energy efficiency, and energy access projects.
“The future of green finance must be resilient,” CMD IREDA, Shri Das stated, positioning the banking forum as a critical platform for the financial industry to deliberate on its role. He urged banks and financial institutions to collaboratively explore effective strategies to de-risk investments in renewable energy, a key step to unlock further capital for the sector.
Furthermore, the CMD IREDA emphasized the importance of channeling support towards Micro, Small, and Medium Enterprises (MSMEs) to ensure that the drive for sustainability is broad-based and inclusive.
CMD IREDA, Shri Das concluded with a call for collective action to build a national growth story that is robust, equitable, and environmentally responsible. “Together, we can make India’s growth story robust, inclusive, and climate-conscious,” he affirmed, outlining a clear vision for integrating economic ambitions with ecological imperatives.