Business

MSMEs Backbone of Economy, Key to Viksit Bharat: CMD IREDA at 22nd Stakeholders’ Meet


Written by Intern Rency Gomes || Team Allycaral 

New Delhi, February 23, 2026: Indian Renewable Energy Development Agency Ltd. (IREDA) organised its 22nd Stakeholders’ Interaction Meet at the India International Centre, New Delhi, under the chairmanship of  Pradip Kumar Das, Chairman & Managing Director. The event saw participation from nearly 100 borrowers and business partners representing various segments of the renewable energy value chain.


The meeting commenced with a detailed presentation outlining IREDA’s recent achievements, financial performance, major initiatives and an Action Taken Report addressing issues raised during the previous interaction. Stakeholders engaged with the management on sector-specific concerns, policy developments and financing norms.

Addressing the gathering, Das stressed the importance of maintaining strong asset quality and adhering to the highest standards of corporate governance to ensure IREDA’s long-term sustainability. On queries regarding interest rates, he explained that the organisation focuses on mobilising funds from the lowest possible cost sources and passing on the benefits to renewable energy developers. He noted that this approach aligns with RBI and other regulatory guidelines while supporting accelerated growth in the renewable energy sector in line with the Government of India’s vision.

Highlighting the importance of Micro, Small and Medium Enterprises (MSMEs), Das described them as the backbone of the economy and essential contributors to the Viksit Bharat vision by 2047. He added that MSMEs must uphold strong and qualitative corporate governance standards to enable lenders to extend financing at competitive rates.

The CMD further informed stakeholders that IREDA has strengthened its manpower across entry-level, middle and senior management positions by recruiting professionals from CPSEs, banks and private organisations, along with Executive Trainees from leading campuses, to enhance leadership capacity and operational efficiency.

The interaction concluded with a vote of thanks delivered by Dr. Bijay Kumar Mohanty, Director (Finance), IREDA.

Events in Goa

Goa Deepotsav 2025 Lights Up Porvorim, Saligao, and Mapusa with Cultural Splendour


The Department of Tourism, Government of Goa, successfully hosted Goa Deepotsav 2025, a two-day celebration that illuminated Porvorim, Saligao, and Mapusa with festive cheer, music, and cultural splendour. The event brought together Goans from all walks of life to celebrate Diwali through art, tradition, and togetherness, reflecting the essence of Goa’s cultural unity.

The first-ever edition of Deepotsav in Mapusa, held at the Mapusa Taxi Stand Ground, witnessed vibrant community participation and an impressive turnout. The event featured engaging contests such as the All Goa Akash Kandil Competition, cooking and fugdi contests, and an energetic cultural showcase. The evening highlight, Rhythm of Lights, mesmerized audiences with performances that beautifully portrayed Goa’s cultural diversity.

Among the dignitaries present were Hon’ble Minister for Tourism Shri Rohan A. Khaunte, Hon’ble Deputy Speaker & MLA, Mapusa, Shri Joshua De Souza, Chairperson of Mapusa Municipal Council Smt Priya Mishal, Deputy Director of Tourism Shri Dhiraj Vagle, Dy. General Manager (Marketing/Hotels), GTDC, Shri Deepak Narvekar, Asst. Director of Tourism Shri Jayesh Kankonkar, councillors, and former councillors.

In his address, Hon’ble Minister Shri Rohan A. Khaunte highlighted that the Goa Beyond Beaches initiative, launched in 2022, aims to take tourism to the heart of local communities while empowering women and youth through cultural participation. He announced that Deepotsav will be celebrated annually in Mapusa to showcase Goa’s cultural richness and festive unity.

Director of Tourism Shri Kedar Naik expressed his appreciation for the overwhelming response to Deepotsav 2025, noting that the festival embodied Goa’s true spirit of joy, inclusivity, and creativity.

The celebrations began on October 25 at Sarvajanik Ganeshotsav Mandal Hall, Porvorim, with workshops and competitions in clay modelling, drawing, cooking, fugdi, and traditional costume contests, concluding with the soulful performance Sur Taal. On October 26, the festivities continued at Saligao Panchayat Area with rangoli, cooking, and Veshbhusha Spardha contests, and culminated with Suron Kee Deepawali, a musical tribute to the festival of lights.

With Goa Deepotsav 2025, the Department of Tourism reaffirmed its commitment to promoting cultural tourism, local participation, and sustainable community engagement. The festival stood as a radiant symbol of Goa’s heritage, uniting communities under the glow of countless diyas.