India International Exchange (India INX), the international arm of Bombay Stock Exchange, has signed a memorandum of understanding (MoU) with Luxembourg Stock Exchange for development and promotion of ESG and green finance in the nation.
India INX is committed to facilitate fund raising for green projects and promote ESG standards through its green listing and trading platform GSM Green Platform.
The pact with Luxembourg Stock Exchange, one of the largest and most popular destinations for listing of Green and sustainable bonds by issuers across the world, will provide opportunities for dual listing and also increase secondary market trading in green.
India INX MD and CEO V. Balasubramanian mentioned, “This pact with Luxembourg Stock Exchange is very special to us as we believe we can provide the issuers and investors with an opportunity to list and trade green bonds on our platform GSM Green with opportunity to dual list with Luxembourg Stock Exchange, which is the largest green bond listing platform with exceptional governance standards.
We envisage this pact in 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.”
Robert Scharfe, CEO, Luxembourg Stock Exchange, mentioned, “As a leading international exchange, we have a deep-routed ambition to build closer relationship with Indian market participants, which is taking even stronger steps through today’s cooperation with India INX. I look forward to putting this business cooperation into action and developing what I consider to be only the very beginning of a long and fruitful relationship.”
India INX is one of the world’s most advanced technology platforms with a response time of 4 micro seconds and operates for 22 hours a day to allow international investors to trade from anywhere across the globe. The exchange provides a common platform for all asset classes—equities, currencies, commodities and interest rates.