India Leads Clean Economy Investments for Sustainable Infrastructure
Key Ideas
- Commerce Secretary Shri Sunil Barthwal highlighted India's $500 billion investment potential by 2030 in clean energy, including renewables, green hydrogen, and EV infrastructure.
- The IPEF Clean Economy Investor Forum attracted over 300 participants from various sectors to mobilize investments in sustainable infrastructure and climate technology.
- The event resulted in $23 billion in investment opportunities for sustainable projects and the launch of the IPEF Catalytic Capital Fund supported by several countries.
- Agreements were signed for green ammonia production and export from India to Japan, aligning with India's National Green Hydrogen Mission.
The Indian delegation led by Commerce Secretary Shri Sunil Barthwal participated in the inaugural Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum in New Delhi. The forum aimed to bring together global investors, clean economy companies, and start-ups to mobilize investments into sustainable infrastructure, climate technology, and renewable energy projects. Shri Barthwal emphasized India's potential of over $500 billion in investment opportunities by 2030, particularly in the clean energy value chain, including renewables, green hydrogen, and EV infrastructure. The event saw the participation of over 300 representatives from financial institutions, multilateral development banks, venture capital funds, project owners, entrepreneurs, and government agencies. Key outcomes included the generation of $23 billion in investment opportunities for sustainable infrastructure projects and the launch of the IPEF Catalytic Capital Fund, supported by countries like Australia, Japan, South Korea, and the US. Noteworthy agreements were signed for the production and export of 200 KTPA green ammonia from India to Japan, in line with India's National Green Hydrogen Mission. The forum discussions covered topics such as sustainable infrastructure investment, bridging gaps between innovators and investors, and trade and investment policies for sustainable growth. The Indian delegation's insights highlighted the facilitation of investments, concessional financing, joint collaborative projects, and technical assistance for MSMEs through the IPEF Agreements. The forum was seen as a significant step in enhancing sustainable infrastructure and climate technology investments, promoting global cooperation, and advancing India's clean energy goals.
Topics
India
Renewable Energy
Innovation
Sustainable Development
Global Cooperation
Investment Opportunities
Forum
Climate Technology
Latest News