His Excellency Mr. Jean Claude Kugener, The Ambassador of the Grand Duchy of Luxembourg to India, today visited India INX office at GIFT City, Gandhinagar, Gujarat.
This visit was on the backdrop of India INX’s recent announcement, wherein it had entered into a Memorandum of Understanding with Luxembourg Stock Exchange for development and promotion of ESG and green finance in the local market.
The recently signed pact between India INX and Luxembourg Stock Exchange can provide issuers and investors with an opportunity to list and trade green bonds on India INX platform, GSM Green with opportunity to dual list with Luxembourg Stock Exchange which is the largest green bond listing platform with exceptional governance standards.
It will be benefitting not only issuers listing on India INX and Luxembourg Stock Exchange but strengthening ties between the two countries also. It is one of the few initiatives the two Exchanges have deliberated on to encourage more green funding which is in line with the Government of India initiative of sustainable development.