Green bonds | Indore | Madhya Pradesh
Last Updated at March 5, 2023 15:50 IST
The idea of floating India’s first municipal green bond, which was oversubscribed 5 times on day-1 of the February 10 launch, germinated around five years back. The primary purpose then was neither climate change nor an urge to save the environment. The aim was to save money, and renewables showed Indore Municipal Corporation (IMC) how to save tens of crores of rupees.
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First Published: Sun, March 05 2023. 15:34 IST