The Indo-Pacific Economic Framework for Prosperity (IPEF), consisting of 14 member nations, is gearing up to organize its first clean economy investor forum in Singapore on June 5-6, as announced by the department of commerce on Tuesday.
The forum will feature participation from domestic climate and tech entrepreneurs, with the department inviting applications for involvement in the event. A selection process will lead to the announcement of the top 100 companies in early May, with shortlisted candidates invited to pitch at the investor forum.
India will spotlight selected ‘investible sustainable infrastructure projects’ at the event, focusing on sectors such as energy transition, sustainable aviation fuel, battery storage, hydrogen, green data centers, transportation, electric vehicles, EV charging points, and waste management.
Priority will be given to projects ready for private investment within the next 18 months. Additionally, India aims to showcase its leadership in the clean economy sector and present investment opportunities in large-scale infrastructure projects and top climate tech companies to global investors.
Under the IPEF’s clean economy agreement, the inaugural forum seeks to gather the region’s major investors, startup entrepreneurs, and project proponents with IPEF ministers and government agencies to drive investment into sustainable infrastructure, climate technology, and renewable energy projects.
Launched nearly two years ago, the IPEF comprises nations including India, the US, Australia, Japan, and Singapore, among others. The clean economy agreement, one of the framework’s four pillars, aims to foster trade, supply chain resilience, and fairness in the economy, with negotiations concluded in November.
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