Indian Companies Shine in Singapore at IPEF Clean Economy Investor Forum
Key Ideas
  • Indian companies, including start-ups, secured positions among the top 100 climate tech firms at the IPEF Clean Economy Investor Forum in Singapore.
  • The forum facilitated USD 23 billion in sustainable infrastructure investment opportunities and highlighted India's potential for over USD 500 billion in clean energy investments by 2030.
  • IPEF initiated the Catalytic Capital Fund to support clean economy infrastructure projects, with founding supporters providing USD 33 million to mobilize up to USD 3.3 billion in private investment.
  • An Offtake Agreement was signed to enhance green ammonia production in India, aligning with the National Green Hydrogen Mission to establish India as a global green hydrogen hub.
The Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum held in Singapore showcased the success of Indian companies, particularly start-ups, in the climate technology sector. The event, attended by a diverse range of stakeholders, emphasized the immense investment opportunities in sustainable infrastructure and clean energy projects in the Indo-Pacific region. Notable outcomes included Indian firms securing spots among the top climate tech firms, with a significant focus on green hydrogen, renewables, and electric vehicles. The forum underscored India's potential for attracting over USD 500 billion in clean energy investments by 2030, highlighting the country's commitment to transitioning towards a greener economy. Additionally, the establishment of the IPEF Catalytic Capital Fund marked a crucial step towards supporting resilient and inclusive clean economy infrastructure projects in emerging economies. An important development at the event was the signing of an Offtake Agreement between Indian and Japanese companies for the production and export of green ammonia, aligning with India's National Green Hydrogen Mission objectives. This agreement aims to boost green ammonia production capacity in India, contributing to the country's aspiration of becoming a global leader in green hydrogen and its derivatives. Overall, the Investor Forum was lauded for providing a platform for Indian companies and start-ups to engage with global investors, with a specialized focus on CleanTech and infrastructure sectors. Through collaborations and funding opportunities, the event aims to support India in achieving its Net-Zero target by 2070, further solidifying the country's commitment to sustainable development and climate action.
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