Hexa Climate And Asvata Partner For Launch Of Afforestation Project In West Bengal

Gurugram/Mumbai, May 22, 2025: Hexa Climate, a portfolio company of I Squared Capital, and Asvata, the carbon credit venture of RPG Group, have launched an afforestation project in Purulia, West Bengal.
    
The project, which aims to transform fallow land into thriving forest ecosystems, involves planting 500,000 trees, with a potential to scale-up to 1.5 million trees. It will be registered under the VERRA VM0047 methodology, supported by advanced satellite monitoring and drone surveillance to ensure transparency, traceability, and high-quality carbon outcomes.

The project shall help in improving soil fertility, promoting biodiversity and replenishing ground water. In addition to environmental restoration, it also supports community upliftment by generating employment, encouraging beekeeping and vermi-composting.

“Our foray into Nature-Based Solutions is a natural extension of our mission to connect the dots for a better world,” said Sanjeev Aggarwal, Founder and Executive Chairman of Hexa Climate. “We are building climate-resilient assets that support businesses in achieving their Net Zero goals with integrity and impact.”

“We are delighted to partner with Hexa Climate on a project that exemplifies the dual power of climate action. We are excited to collaborate with local farmers, communities and experts to implement best practices in forestry and are committed to creating long-term value for both people and the planet. This is carbon finance with purpose,” Navin Mathur, COO, Asvata (RPG Group).