Senior officials from the commerce ministry will participate in the two-day clean economy investor forum meet in Singapore, organised by Indo-Pacific Economic Framework for Prosperity (IPEF), an official said.
Commerce Secretary Sunil Barthwal, Additional Secretary in the ministry Rajesh Agrawal, and other senior officers have reached Singapore for the meet, which will start on June 5. “Indian projects would be pitched in the forum. Over 150 investors would participate,” the official said.
The Indo-Pacific Economic Framework for Prosperity (IPEF) was launched in May 2022 and it currently includes 14 partners — Australia, Brunei Darussalam, Fiji, India, Indonesia, Japan, the Republic of Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, the US, 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 -- Trade, Supply Chain, Clean Economy, and Fair Economy. India is not part of the trade pillar.
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, startups and entrepreneurs. The forum aims to mobilize 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, the country’s national investment promotion agency.
Apart from showcasing India’s leadership position in the Clean Economy space and the various innovative solutions driving it, India will showcase some of the large infrastructure projects in Clean Economy and top climate tech companies to the global investors for investment opportunities.
