Guwahati, Feb 26: The Assam Society for Comprehensive Financial Management System (AS-CFMSA) and The Energy and Resources Institute (TERI) have entered into a strategic partnership to drive policy innovations in finance and climate change. The memorandum of understanding (MoU) was formalized during the Advantage Assam 2.0 Investment and Infrastructure Summit in Guwahati.
Finance Secretary Laya Madduri and TERI Senior Director Dipankar Saharia signed the agreement, marking a significant step towards integrating sustainability into Assam's financial management systems.
Madduri highlighted that the collaboration would support Assam’s sustainable development goals by embedding green budgeting and eco-friendly procurement into public financial systems. “This partnership will strengthen Assam’s climate resilience by ensuring sustainability-driven fiscal policies,” she said.
Dr. Vibha Dhawan, Director General of TERI, emphasized the importance of green finance in public systems. “By incorporating sustainability into financial management, Assam can accelerate its transition to a greener economy,” she stated.
The MoU aims to enhance the state’s policy framework, promote Green Budget reporting, and institutionalize Green Procurement. Additionally, it will focus on capacity-building initiatives for administrative departments while engaging stakeholders to foster climate-conscious governance.
AS-CFMSA will play a crucial role in integrating sustainability into fiscal policies, facilitating research-driven policy measures, and ensuring stakeholder participation. Meanwhile, TERI will leverage its expertise in green finance, policy research, and capacity building to strengthen Assam’s public finance ecosystem.
This collaboration underscores Assam's commitment to aligning its financial strategies with environmental sustainability, setting a precedent for eco-conscious governance in India.