Singapore, 7th June 2024: The inaugural Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum witnessed a robust display of India’s burgeoning investment landscape. Hosted at Marina Bay Sands, Singapore, the event brought together over 60 global investors and financial institutions alongside 15 prominent Indian firms.

Highlighting India’s economic dynamism, Secretary of the Department of Commerce, Shri Sunil Barthwal, underscored India’s accelerated growth trajectory, outpacing many emerging markets. He noted a significant trend of Indian startups repatriating for growth, buoyed by digital advancements and emerging technologies like AI and data centers.

Attended by delegates from the US, Singapore, Japan, Australia, Korea, and beyond, including industry giants like Temasek, Goldman Sachs, and Nomura, the forum aimed to foster collaborations in sustainable infrastructure, climate technology, and renewable energy. Indian High Commissioner to Singapore, H.E. Dr. Shilpak Ambule, emphasized India’s robust fundamentals and strategic reforms enhancing its pro-market environment.

Invest India’s presentation highlighted India’s robust startup ecosystem, skilled workforce, and strategic infrastructure projects, inviting global partnerships. MD and CEO of Invest India, Ms Nivruti Rai, affirmed India’s commitment to sustainable development goals and net-zero targets through innovative investments.

Industry leaders, including Ms Radhika Rao of Nomura and Mr Kunal Agarwal of I Squared, echoed optimism about India’s economic outlook, citing its Infrastructure Supercycle and growing investment attractiveness across sectors like semiconductor assembly and automotive.

The forum concluded with a consensus on bolstering economic cooperation in the Indo-Pacific, stressing the imperative of a clean economy and resilient supply chains. The IPEF, encompassing pillars of Trade, Supply Chain, Clean, and Fair Economy, continues to facilitate collaborative efforts for regional stability and prosperity.