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IFC bets ₹630 cr on NDR InvIT to bolster green warehousing
Hindustan Times Lucknow
|December 21, 2024
IFC has invested $75 million (about ₹630 crore) in domestic currency Sustainability Linked Bond issued by NDR InvIT in a strategic move to boost sustainable warehousing infrastructure and promote logistics sector.
NEW DELHI:
This Infrastructure Investment Trust (InvIT) is sponsored by NDR Warehousing Private Limited.
This Sustainability Linked Bond (SLB) is the first by a warehousing InvIT in India International Finance Corporation (IFC), a member of the World Bank Group, said in a joint statement.
It will facilitate EDGE Certification - an international green building certification system by IFC - of existing in use facilities, reduce greenhouse gas emissions and lower water consumption, it said.
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