The Brihanmumbai Municipal Corporation (BMC) unveiled an ₹80,952 crore budget on Wednesday, including plans to issue green bonds. The budget focuses on strengthening Mumbai's infrastructure and environment. The green bonds will fund projects like wastewater treatment and desalination.
The Brihanmumbai Municipal Corporation (BMC) presented an ₹80,952 crore budget on February 26, 2026. Presented by Commissioner Bhushan Gagrani, the budget emphasizes sustainable development. The budget statement noted, “BMC has already initiated the process of appointment of Credit Rating Agency and will be initiating further process for raising Municipal Green Bonds to finance its sustainable development.”
These green bonds will finance projects including wastewater treatment and desalination. According to BMC, the bonds will aid in achieving Mumbai’s Climate Action Plan and attract institutional investors focused on Environmental, Social and Governance (ESG) criteria.
This initiative aims to bolster Mumbai's environmental sustainability, where infrastructure development and water management pose key challenges. The budget prioritizes investments in sustainable projects, though detailed implementation details remain unclear.
