The City of London Corporation, along with the Federation of Indian Chambers of Commerce and Industry (FICCI), launched a report calling on policymakers to reduce investment barriers to supercharge India's green finance sector. The report titled 'Untapped Potential: Supercharging Green Finance in India' has been written with inputs from the UK-India Green Finance Working Group and looks at the opportunities and challenges for sustainable finance in India. It offers recommendations on how to drive the green finance sector forward.
The recommendations include reduction in structural barriers to investment, including the development of the rupee-denominated masala bond market; innovative financing mechanisms tailored to the Indian landscape; increased transparency; greater visibility of opportunities and funding gaps; greater government cooperation for building domestic support in the country; greater sharing of technical expertise among regulators; and targeted reforms and incentives, such as changes to the External Commercial Borrowing (ECB) guidelines by the Reserve Bank of India (RBI) for issuers with 'green' track records.
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