IANS | 09 Apr, 2024
India plans to showcase its leadership position in the Clean Economy
space and the various innovative solutions driving it in the forthcoming
investor forum meeting of the Indo-Pacific Economic Framework for
Prosperity (IPEF) to be held in Singapore on June 5-6, the Ministry of
Commerce and Industry announced on Tuesday.
India will also
showcase some of the large infrastructure projects in Clean Economy and
top climate tech companies to the global investors for investment
opportunities at the 14-nation meeting.
IPEF Forum has called for
applications from tech companies and startups to showcase Indian
investible sustainable infra projects such as electrical vehicles and
solar projects. IPEF Forum aims to mobilise investments into sustainable
infrastructure, climate technology and renewable energy projects.
The
IPEF 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.
The IPEF Clean Economy Investor Forum is one of
the initiatives under the IPEF. It brings together the region’s top
investors, philanthropies, financial institutions, innovative companies,
start-ups and entrepreneurs. The Forum aims to mobilise investments
into sustainable infrastructure, climate technology and renewable energy
projects.
The Department of Commerce is the nodal agency for the
IPEF engagements, and the IPEF Clean Economy Investor Forum is managed
by Invest India (www.investindia.gov.in), India’s National Investment
Promotion Agency.
The Forum will have opportunities for the Indian
industry in two segments comprising the Climate Tech Track and
Infrastructure Track.
Under the Climate Tech 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 may apply under this track.
Last date to apply
is until April 26, and applications will be evaluated by regional and
industry experts. The top 100 companies will be announced in early May
2024 and shortlisted companies will be invited to showcase and pitch at
the Investor Forum in Singapore on June 5-6.
Interested parties
may find the eligibility criteria, methodology of selection and portal
for application submission at:
https://www.holoniq.com/ratings/indo-pacific-climate-tech-100.
Under
the Infrastructure Track, India will showcase selected investible
sustainable infrastructure projects at the 2024 Forum. The sectors of
focus are -- energy transition (e.g electric gird; renewable energy,
including solar, and onshore wind; sustainable aviation fuel; battery
storage; hydrogen; green data centres), transport and logistics (e.g.
Electric Vehicle, 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.
Indian investors who aim to invest in the
IPEF partner countries, in either or both the tracks mentioned above
are also encouraged to participate in the Forum.
Interested project proponents and investors may reach out to india-ipef@commerce.gov.in and IPEFInvestorForum@investindia.org