IPEF’s Clean Economy Investor Forum to showcase India’s sustainable infra projects on EVs, solar energy – EQ
In Short : “IPEF’s Clean Economy Investor Forum highlights India’s sustainable infrastructure projects, focusing on electric vehicles and solar energy, demonstrating the nation’s commitment to advancing clean technology and fostering investment in renewable energy.”
In Detail : The Indo-Pacific Economic Framework (IPEF) Clean Economy Investor Forum is slated to be held in Singapore on June 5 and 6. The forum aims to mobilise investments into sustainable infrastructure, climate technology and renewable energy projects; and has called for applications from technology companies and startups.
India’s Ministry of Commerce and Industry has said that the Forum will showcase Indian investible sustainable infrastructure projects on Electric Vehicles (EVs) and solar energy.
The IPEF Clean Economy Investor Forum is one of the initiatives under the IPEF, aimed at bringing the region’s top investors, philanthropies, financial institutions, innovative companies, start-ups and entrepreneurs together. The Forum aims to mobilise investments into sustainable infrastructure, climate technology and renewable energy projects.
The Ministry of Commerce and Industry has said that India will showcase some of its large infrastructure projects in Clean Economy and top climate technology companies to global investors for investment opportunities.
The forum will provide an opportunity for the Indian industry in the two following tracks:
Climate Tech Track: Under this track, the IPEF Clean Economy Investor Forum is holding an open call that aims to recognise the top climate tech companies and start-ups among the member countries and present them to global investors. Climate tech entrepreneurs and companies in India can apply under this track till April 26, after which applications will be evaluated by regional and industry experts to announce the top 100 companies in early May. The shortlisted companies will be invited to showcase and pitch at the Investor Forum
Infrastructure Track: Under this track, India will showcase selected investible sustainable infrastructure projects at the 2024 Forum. The sectors of focus are energy transition (electric grid; renewable energy, including solar, and onshore wind; sustainable aviation fuel; battery storage; hydrogen; green data centres), transport and logistics (Electric Vehicles, EV charging points), waste management/waste to energy. The projects that are ready, or expected to be ready, for private investment during the next 18 months will be given priority for showcasing at the Forum.
The IPEF for Prosperity was launched in May 2022 and currently includes 14 partners — Australia, Brunei Darussalam, Fiji, India, Indonesia, Japan, the Republic of Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, United States and Vietnam.
It provides a platform for countries in the region to collaborate on advancing resilient, sustainable, and inclusive economic growth, and aims to contribute to cooperation, stability and prosperity in the region. The IPEF comprises four pillars of cooperation, namely: Trade, Supply Chain, Clean Economy and Fair Economy.
