Indian Companies Shine in Climate Tech at Indo-Pacific Investor Forum
Key Ideas
- 10 Indian companies, including start-ups, featured in top 100 climate tech firms at the Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum.
- USD 23 billion in investment opportunities for sustainable infrastructure projects in the Indo-Pacific were identified during the forum.
- Coalition members have over USD 25 billion in capital for future Indo-Pacific emerging market infrastructure investments, with a focus on clean energy like green hydrogen.
- An Offtake Agreement signed for the production and export of 200 KTPA green ammonia from India to Japan, furthering the objectives of India's National Green Hydrogen Mission.
As many as 10 Indian companies, including start-ups, stood out among the top 100 climate tech firms selected by the Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum. The forum held in Singapore brought together investors, clean economy companies, and start-ups to discuss sustainable infrastructure, climate technology, and renewable energy projects. The event resulted in identifying USD 23 billion worth of investment opportunities in sustainable infrastructure in the Indo-Pacific region. The forum highlighted the immense investment potential in India, particularly in the clean energy sector, including renewables, green hydrogen, and electric vehicles. The forum saw participation from various stakeholders, including financial institutions, multilateral development banks, venture capital funds, project owners, and government agencies. Notably, Indian companies like ReNew Power, Avaada Energy Pvt. Ltd, and others were shortlisted to pitch their concepts in energy transition and climate tech. The event also saw the launch of the IPEF Catalytic Capital Fund to support clean economy infrastructure projects in emerging markets. The commitment of USD 25 billion in infrastructure investments by investors further emphasized the importance of sustainable development. The signing of an Offtake Agreement for green ammonia production and export to Japan signifies India's commitment to green hydrogen initiatives. The event aimed at fostering collaborations between Indian companies, start-ups, and global investors to support India in achieving its Net-Zero target by 2070.
Topics
India
Renewable Energy
Climate Change
Technology
Investment
Collaboration
Clean Economy
Sustainable Infrastructure
Start-ups
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