Chennai, 26 May (H.S.) : Tamil Nadu Chief Minister M K Stalin inaugurated the listing of municipal bonds by the Greater Chennai Corporation (GCC) on Monday . The event marked a significant milestone in the state's efforts to mobilize funds for infrastructure development through innovative financial instruments.

The GCC municipal bonds were listed on the National Stock Exchange (NSE) and BSE Limited, providing a platform for investors to participate in the city's development. The bonds aim to raise funds for various infrastructure projects in Chennai, enhancing the city's amenities and services.

Chief Minister Stalin emphasized the importance of municipal bonds in financing urban infrastructure projects, stating that this initiative would pave the way for other municipalities in the state to follow suit. The event was attended by officials from GCC, NSE, and BSE, among others.

The listing of GCC municipal bonds is expected to attract investors and provide a new avenue for funding urban development projects in Chennai. This initiative is seen as a step towards improving the city's infrastructure and enhancing the quality of life for its residents.

---------------

Hindusthan Samachar / Dr. R. B. Chaudhary