Surat Green Bond Drive: SGCCI & SMC Push for Sustainable Growth

Surat | Gujarat — The Southern Gujarat Chamber of Commerce and Industry (SGCCI)  and Surat Municipal Corporation (SMC)  jointly organized an investor awareness meeting regarding the green bond issue. The  Surat Municipal Corporation team presented a presentation on the Green Bond issue and provided detailed information on important issues like International Green Certification, Investment Structure, Benefits and Impact.

SGCCI president Nikhil Madrasi said that it is the need of the hour to develop Surat city keeping the environment in mind. Financial instruments like Green Bonds will give a boost to eco-friendly projects in the city and will help in making the city smart and sustainable. He said that if the industry and investors join this initiative, Surat city can become a unique model globally.

Surat Municipal Corporation informed that Green Bond is a new and reliable financial instrument, through which environmentally friendly projects can get financial support. Surat Municipal Corporation is going to undertake various projects in the coming years to promote sustainable development, in which Green Bond will play an important role. Green Bond will prove to be an effective solution to maintain environmental balance with the rapid development of Surat city. This can also be a safe and profitable opportunity for investors.

Surat Municipal Corporation informed the entrepreneurs and investors that the Government of India, the Government of Gujarat and the Surat Municipal Corporation are working on green infrastructure. Currently, there is global warming.When air quality and climate issues are arising, the government and Surat Municipal Corporation are working towards achieving carbon emissions and net zero carbon campaigns. Efforts are being made to reduce pollution and carbon emissions from the city. For this, let’s use more and more renewable energy. Efforts are being made to spread all this awareness to the people.

Surat Municipal Corporation is the first municipal corporation in Gujarat to issue the first IPO green bond. Surat Municipal Corporation will issue green bonds with public participation. Under this bond, projects like solar, wind power plants, e-vehicle depots and water treatment plants have been planned. Surat Municipal Corporation is now promoting electric mobility.