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Gujarat CM, Luxembourg Finance Minister Discuss Green Financing & GIFT City Ties

Gujarat Chief Minister Bhupendra Patel held talks with Luxembourg Finance Minister Gillis Roth to enhance financial cooperation, with a focus on green bonds and sustainable development. Roth highlighted Luxembourg's vast financial sector and eagerness to invest further in Gujarat, specifically mentioning the GIFT City framework. The discussions centered on leveraging Luxembourg's expertise in green financing to support projects aligned with India's Mission LiFE and renewable energy goals. Both sides exchanged invitations for future visits and participation in the Vibrant Gujarat Global Summit.

Key Points: Gujarat, Luxembourg Talks on Green Bonds & GIFT City Investment

  • Luxembourg's 8 trillion euro asset management portfolio
  • Green bonds & sustainable development focus
  • MoU between IFSCA & CSSF boosts GIFT City
  • Invitation to Vibrant Gujarat Summit 2027
  • Exploration of municipal green bond cooperation
2 min read

Gujarat CM holds talks with Luxembourg Finance Minister on green financing

Gujarat CM Bhupendra Patel meets Luxembourg Finance Minister Gillis Roth to strengthen green financing cooperation and investment in GIFT City.

"expressed his eagerness to further strengthen financial relations with India, particularly with Gujarat - Gillis Roth"

Gandhinagar, February 26

Gujarat Chief Minister Bhupendra Patel on Thursday received the Finance Minister of the Grand Duchy of Luxembourg, Gillis Roth, along with his delegation, in Gandhinagar.

Roth highlighted Luxembourg's robust financial sector, which comprises 115 banks, an investment portfolio of 8 trillion euros in asset management, and a presence in investment and financial services across around 80 countries. In this context, he expressed his eagerness to further strengthen financial relations with India, particularly with Gujarat.

Patel said during the discussions of this meeting that Gujarat is a state with prudent financial management under the leadership of Prime Minister Narendra Modi. Not only this, he discussed and deliberated on the benefit of Luxembourg's expertise in the field of green bonds and green financing in this context.

He also requested to explore the possibilities of mutual cooperation to realise the idea of green growth with an environment-friendly lifestyle through renewable-green energy and Mission Life, which was given by the Prime Minister, through municipal green bonds and long-term infrastructure and sustainable development.

Roth said that the MoU signed between IFSCA and Luxembourg's CSSF in GIFT City has strengthened the financial cooperation between India and Luxembourg and has also increased the global financial connectivity of Gujarat. Shri Gilles Roth expressed Luxembourg's eagerness for more investments in the international financing sector in GIFT City.

Patel also invited the Luxembourg delegation to join the Vibrant Gujarat Global Summit to be held in January 2027 and the Vibrant Gujarat Regional Conference of South and Central Gujarat to be held in April 2026 and June 2026.

Luxembourg Finance Minister Shri Gillis Roth extended a cordial invitation to the Chief Minister and the delegation of the Gujarat Government to visit the Grand Duchy of Luxembourg.

Principal Secretary to the Chief Minister Shri Sanjeev Kumar, Industries Commissioner P Swaroop and Additional Principal Secretary to the Chief Minister Vikrant Pandey also participated in this courtesy visit.

- ANI

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Reader Comments

P
Priya S
Green financing is the need of the hour. I hope this collaboration leads to tangible projects that benefit common people, not just big corporations. Affordable solar power for villages should be a priority.
R
Rohit P
Good to see Gujarat attracting international investment. But I hope the government ensures that the "green growth" actually translates to cleaner air and water in our industrial zones, not just on paper.
S
Sarah B
As someone working in finance, Luxembourg is a major player. An 8 trillion euro portfolio is massive! This partnership could bring sophisticated financial instruments to India. Very exciting for GIFT City's future.
K
Karthik V
Vibrant Gujarat summits are always a success. Inviting them is a smart move. These high-level talks are good, but the real test is execution. Let's see if the MoU leads to actual funding for municipal projects.
M
Meera T
Mission LiFE needs global partnerships like this to succeed. Combining Luxembourg's financial strength with Gujarat's implementation capability can create a model for other states. Hope it focuses on sustainable urban development.

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