HSBC Provides Rs 3 Billion Green Loan to Neovantage Innovation Parks
Neovantage is a joint venture between Ivanhoe Cambridge, a real estate arm of CDPQ, and global investment firm Lighthouse Canton. The park hosts various industries, including IT, ITES, and manufacturing.
Hsbc IndiaNeovantage Innovation ParksGreen LoanSustainable DevelopmentRenewable EnergyReal Estate NewsSep 20, 2024
Neovantage Innovation Parks is a 6.5 million sq ft industrial park located in Noida, Uttar Pradesh. The park hosts various industries, including IT, ITES, and manufacturing. The park is designed to be a sustainable and environmentally friendly hub, with features such as solar power generation, rainwater harvesting, and waste management.
The green loan from HSBC India is part of the bank's efforts to support sustainable development and reduce carbon emissions. The loan is certified by the Climate Bond Initiative, a global standard for green bonds.
Neovantage Innovation Parks is expected to create over 10,000 jobs and contribute to the economic growth of the region. The park is also expected to attract foreign investment and promote entrepreneurship in the region.
HSBC India has been actively involved in supporting sustainable development in India, with a focus on renewable energy, energy efficiency, and sustainable infrastructure. The bank has set a target to provide $100 billion in sustainable financing by 2025.
The green loan to Neovantage Innovation Parks is a significant step towards achieving this target and promoting sustainable development in India.
About HSBC India
HSBC India is a subsidiary of HSBC Holdings plc, one of the largest banking and financial services organizations in the world. HSBC India provides a range of banking and financial services to individuals, businesses, and institutions.
About Neovantage Innovation Parks
Neovantage Innovation Parks is a joint venture between Ivanhoe Cambridge, a real estate arm of CDPQ, and global investment firm Lighthouse Canton. The park is located in Noida, Uttar Pradesh, and hosts various industries, including IT, ITES, and manufacturing.
Frequently Asked Questions
What is the amount of the green loan provided by HSBC India to Neovantage Innovation Parks?
The amount of the green loan is Rs 3 billion.
What is the purpose of the green loan?
The loan will be used to develop sustainable and energy-efficient infrastructure at the park.
What are the features of Neovantage Innovation Parks?
The park is designed to be a sustainable and environmentally friendly hub, with features such as solar power generation, rainwater harvesting, and waste management.
What is the expected impact of the park on the region?
The park is expected to create over 10,000 jobs and contribute to the economic growth of the region.
What is HSBC India's target for sustainable financing?
HSBC India has set a target to provide $100 billion in sustainable financing by 2025.
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