Gujarat Chief Minister Celebrates Success of Ahmedabad's Green Bond Listing

 

Chief Minister of Gujarat Bhupendra Patel attended the listing ceremony of the Ahmedabad Municipal Corporation's ₹200 crore green bond at the Bombay Stock Exchange, marking the first issuance of such a bond in Gujarat aimed at funding eco-friendly projects in the city.

Highlighting Prime Minister Narendra Modi's ambitious goal of achieving net zero carbon emissions by 2070, Chief Minister Patel emphasized the importance of sustainable development alongside nature conservation, underscoring the significance of the AMC's green bond in realizing this vision.

The green bond garnered significant interest from institutional investors, resulting in oversubscription, signifying a major success in the municipal bond market and reflecting investor confidence in the sustainability initiatives undertaken by the Ahmedabad Municipal Corporation.

Chief Minister Patel extended heartfelt congratulations to the Ahmedabad Municipal Corporation for the success of the green bond, recognizing it as a crucial milestone in advancing eco-friendly projects and contributing towards the broader goal of environmental sustainability in Gujarat.

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