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In the upcoming months, India hopes to issue its first sovereign green bond at significantly cheaper borrowing costs. According to those with knowledge of the situation, officials desire a sizable greenium, or the premium investors pay for bonds that support environmental projects. They claimed, declining to be identified since the discussions are confidential, that the government has created a structure to sell the debt in accordance with generally accepted guidelines from the International Capital Market Association and is also in contact with the World Bank about best practises. While managing a record debt issuance plan, a lower cost of borrowing would assist Asia's third largest economy in financing infrastructure and achieving renewable energy ambitions. Before the conclusion of the fiscal year in March, the first green bond sale will occur, and negotiations with ministries are ongoing to identify initiatives including renewable energy, vehicles, and a Ganges river restoration effort. Also read: Sunteck Realty inks pact for 2.5 million sq ft project in Mira Road Central Vista to be unveiled by PM Modi