Published date: 12 December 2017

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Closing: 2 January 2018

Contract summary

Industry

  • Financial consultancy services - 66171000

Location of contract

Any region

Value of contract

£60,000

Procurement reference

tender_161416/638210

Published date

12 December 2017

Closing date

2 January 2018

Contract start date

22 January 2018

Contract end date

31 March 2018

Contract type

Service contract

Procedure type

Open procedure

Any interested supplier may submit a tender in response to an opportunity notice.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

India faces huge investment requirements for its transition towards a low-carbon and climate resilient economy, and government has made it clear private sector investments as well as tapping in to international capital markets will be crucial to cover this vast capital gap.
Green/Masala bonds with access to private capital at scale through the international bond markets can offer lower cost of capital compared to domestic bank lending covering various climate sensitive projects and green infrastructure investments in railways, renewable energy, water infrastructure, low carbon buildings and many other sectors.
The British High Commission had been promoting green/masala bonds as well as the city of London as a preferential and eases to access capital market for Indian issuers. Our efforts in led some prominent Indian business taking the green bond route to meet their financial requirement e.g. NTPC - $300m (listed in London issuing the world's first "green masala bond" in London (a green bond issuing in Indian Rupees), Axis Bank - $500m (again listed in London stock exchange). Our support also assisted in shaping up the India-UK green finance forum, which is now actively engaged in formulating Green Bonds regulation in India. The phase (II) of this support is meant to accelerate the ongoing momentum on green bond and to closely work with key stakeholders in GOI for promoting the India-UK green finance forum as a government to government forum.

More information

Additional text

Please refer Project No 1559/ ITT No 2100

About the buyer

Contact name

Puja Khanna

Address

British High Commission,Shantipath, Chanakyapuri
New Delhi, India
SW1A 2AH
England

Email

Puja.khanna@fco.gov.uk