The RBI’s recent decision enables foreign investors in the International Financial Services Centre (IFSC) to invest in Sovereign Green Bonds (SGrBs), facilitating eco-friendly project financing in India. SGrBs, introduced in response to the Union Budget 2022-23, allocate funds exclusively to sustainable initiatives like renewable energy and clean transportation. This move broadens the investor base, fostering green investments while promoting environmental benefits.
RBI’s Move to Allow Foreign Investment in Sovereign Green Bonds: Explained
![](https://affairsace-media.s3.ap-south-1.amazonaws.com/2024/04/08134734/1702662936-4902-ezgif.com-webp-to-jpg-converter.jpg)