The Indo-Pacific Economic Framework for Prosperity (IPEF) is scheduled to host its first clean economy investor forum in Singapore on June 5-6, the department of commerce said on Tuesday.
The department has invited applications from domestic climate and tech entrepreneurs for participation in the meeting.
Launched in May 2022, the Indo-Pacific Economic Framework for Prosperity (IPEF) comprises 14 partners: Australia, Brunei Darussalam, Fiji, India, Indonesia, Japan, the Republic of Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, United States and Vietnam.
The IPEF provides a platform for countries in the region to collaborate on advancing resilient, sustainable, and inclusive economic growth. Further, it aims to contribute to cooperation, stability and prosperity in the region.
The IPEF Clean Economy Investor Forum aims to bring together the region’s top investors, philanthropies, financial institutions, innovative companies, start-ups and entrepreneurs.
Further, the Forum aims to mobilize investments into sustainable infrastructure, climate technology and renewable energy projects.
India is set to showcase infrastructure projects in clean economy at the forum. Additionally, top climate tech companies from India, seeking investment opportunities, will also be present at the meeting.
The forum will provide opportunities for the Indian industry in two distinct tracks: the Climate Tech Track and the Infrastructure Track.
Under the Climate Tech Track, the forum will identify and acknowledge the top climate tech companies and startups from member countries, showcasing them to global investors. For the Infrastructure Track, the forum will identify sustainable infrastructure projects.