India Offers USD 500 Billion Investment Opportunities in Clean Energy Sector
Key Ideas
- Commerce Secretary highlighted India's investment potential of over USD 500 billion in clean energy, including green hydrogen, by 2030.
- The Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum brought together top investors, clean economy companies, and startups.
- USD 23 billion investment opportunities for sustainable infrastructure projects in the Indo-Pacific were identified during the forum.
- An agreement was signed for the production and export of green ammonia from India to Japan, aligning with India's National Green Hydrogen Mission.
The Commerce Ministry of India announced significant investment opportunities exceeding USD 500 billion in the clean energy sector by 2030. Commerce Secretary Sunil Barthwal, attending the Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum in Singapore, emphasized India's potential in areas like renewables, green hydrogen, and electric vehicles. The forum, involving top investors and companies, focused on mobilizing investments for sustainable infrastructure and renewable energy projects. Noteworthy outcomes included identifying USD 23 billion in investment opportunities for sustainable infrastructure in the Indo-Pacific.
The event also witnessed the signing of an agreement for the production and export of green ammonia from India to Japan, supporting India's National Green Hydrogen Mission. Additionally, initiatives like the IPEF Catalytic Capital Fund aim to support clean economy infrastructure projects in emerging economies. The forum provided a platform for Indian startups and companies to pitch innovative climate tech ideas and collaborate with global investors. Notable developments included the selection of Indian companies for pitching energy transition concepts and climate tech solutions. The investment landscape was further enriched by commitments from investors like Singapore's Temasek and GIC. Overall, the forum showcased India's attractiveness for clean energy investments and collaboration opportunities with global partners.
Topics
Oceania
Clean Energy
Investment
Renewables
Sustainable Infrastructure
Climate Technology
Global Investors
EV
IPEF
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