The International Finance Corporation (IFC) sees immense opportunities to finance projects through green bonds in India especially in areas like urban transportation, waste-to-energy and water treatment, its senior official said here Tuesday.
"Opportunities in India are huge. Look at infrastructure and amount of urbanisation and the level of agriculture (projects)," said Vivek Pathak, Director for East Asia & Pacific Department at the IFC.
The projects he identified include development of urban transportation, waste-to-energy, water treatment and green building.
Noting that more and more financial institutions have been issuing green bonds in India, he said: "There is increasing awareness. The solar and wind sector have done very well in India and I think the opportunities are going to be huge in India."
However, identifying such projects for green bonds is a challenge everywhere and India is no different, he told reporters.
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