Team Blitz India
INDIA will have substantial investment opportunities totalling over $500 billion by 2030, particularly in the clean energy value chain, including renewables, green hydrogen, electric vehicles (EV), and infrastructure transition, commerce secretary Sunil Barthwal said.
This was disclosed at the inaugural Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum in Singapore.
The meeting brought together the region’s top investors, clean economy companies, and startups to mobilise investments in sustainable infrastructure, climate technology, and renewable energy projects.
During the IPEF forum, 13 IPEF members signed fair and clean economy agreements, while India will sign the deal after getting domestic approval. India did not sign these agreements as domestic approval processes are still underway, but these will be completed after the formation of the new government, said the commerce ministry in a statement.
The Indian delegation highlighted key reforms introduced around ease of doing business in India to improve the business environment over the last decade. In the sustainable infrastructure track, four Indian companies were shortlisted after the screening process to pitch their concepts to global investors.
These companies are ReNew Power, Avaada Energy Pvt. Ltd, Indusbridge Capital Advisors LLP, SEIP (Founder), and Powerica Limited, the commerce ministry said.
The 14-member IPEF bloc was launched jointly by the US and other partner countries of the Indo-Pacific region on May 23, 2022, in Tokyo. Together, they account for 40 per cent of the world’s economic output and 28 per cent of trade.
The framework is structured around four pillars relating to trade, supply chains, clean economy and fair economy. India has joined all the pillars except the trade.
