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Gujarat & Luxembourg Forge Green Finance Partnership for Sustainable Growth

Gujarat has explored a strategic partnership with Luxembourg in green finance and sustainable infrastructure development. Chief Minister Bhupendra Patel met with Luxembourg's Finance Minister Gilles Roth to discuss leveraging Luxembourg's expertise in green bonds. The talks emphasized advancing Gujarat's green energy and growth agenda, building on existing financial cooperation through GIFT City. Both sides extended invitations for future summits and visits to deepen the collaboration.

Key Points: Gujarat, Luxembourg Partner on Green Finance & Infrastructure

  • Green finance collaboration explored
  • Leveraging Luxembourg's €8 trillion asset expertise
  • Focus on green bonds & sustainable infrastructure
  • Strengthening ties via GIFT City MoU
  • Aiming for leadership in green energy
2 min read

Gujarat, Luxembourg explore green finance and sustainable development partnership

Gujarat explores green finance collaboration with Luxembourg, leveraging expertise in green bonds and sustainable development for energy and growth initiatives.

"the vision of environmentally responsible lifestyles and green growth could be advanced through municipal green bonds - Chief Minister Bhupendra Patel"

Gandhinagar, Feb 26

Gujarat has explored potential collaboration with Luxembourg in green finance and long-term infrastructure development during a meeting between Chief Minister Bhupendra Patel and Luxembourg's Finance Minister Gilles Roth in Gandhinagar, officials said on Thursday.

The discussions focused on making use of Luxembourg's expertise in green bonds and sustainable finance as Gujarat positions itself to expand its footprint in green energy, green financing and green growth.

The meeting was described as a courtesy call by the visiting delegation from the Grand Duchy of Luxembourg.

During the interaction, Chief Minister Patel said, "Under the leadership of Prime Minister Narendra Modi, Gujarat has maintained prudent financial management and is prepared to take the lead in green energy and green growth initiatives."

He noted that the state was keen to benefit from Luxembourg's experience in green bonds and green financing to strengthen its sustainable development agenda.

The Chief Minister also referred to the Prime Minister's emphasis on renewable energy and Mission LiFE, saying that "the vision of environmentally responsible lifestyles and green growth could be advanced through municipal green bonds, long-term infrastructure projects and sustainable development frameworks".

He urged that both sides explore avenues for mutual cooperation in these areas.

Roth said: "Luxembourg, which has 115 banks and oversees assets worth €8 trillion in investment management, maintains a presence in investment and financial services across around 80 countries."

He expressed interest in expanding financial ties with India and Gujarat.

He highlighted that the Memorandum of Understanding (MoU) between the International Financial Services Centres Authority at GIFT City and Luxembourg's Commission de Surveillance du Secteur Financier had strengthened financial cooperation between the two sides and enhanced Gujarat's global financial connectivity.

Roth also conveyed Luxembourg's keenness to increase investments in the international financing sector at the GIFT City in Ahmedabad.

Chief Minister Patel invited the Luxembourg delegation to participate in the Vibrant Gujarat Global Summit scheduled for January 2027 and the regional conferences for South and Central Gujarat planned for April and June 2026.

Roth, in turn, invited the Chief Minister and a delegation from the Gujarat government to visit Luxembourg.

- IANS

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Reader Comments

P
Priya S
Green bonds for municipal projects? That's an excellent idea. Our cities need sustainable infrastructure - better waste management, water treatment, and public transport. Hope this partnership translates into real projects on the ground.
R
Rohit P
While international partnerships are good, we must ensure the benefits reach the common people. The focus should be on creating green jobs and making clean energy affordable, not just financial instruments for big investors.
S
Sarah B
Interesting to see Luxembourg's interest. €8 trillion in assets is massive. If even a fraction of that is directed towards Gujarat's green goals, it could be transformative. The GIFT City MoU seems to be paying off.
M
Meera T
Mission LiFE and green finance go hand-in-hand. We need to fund the transition at every level, from large solar parks to small-scale solutions for villages. Hope other states learn from Gujarat's proactive approach.
V
Vikram M
Vibrant Gujarat summits always bring good opportunities. Looking forward to 2027. This partnership should focus on technology transfer as much as finance. We need to build our own expertise in green financing.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

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