The Department of Commerce and Invest India convened a meeting alongside the inaugural Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum to spotlight diverse investment prospects in India.
In his opening remarks, Secretary of the Department of Commerce, Shri Sunil Barthwal, underscored India’s robust growth rate, nearly doubling that of other emerging market economies. He noted a trend of ‘reverse flipping,’ where Indian startups are returning home after seeking capital abroad, emphasizing the pivotal role of the digital economy and emerging technologies like AI in India’s future growth.
The gathering at Marina Bay Sands, Singapore, drew over 60 participants, including global investors from various countries and India’s private sector and government officials. Notable attendees included representatives from Temasek, Global Infrastructure Partners, Goldman Sachs, and Nomura. Indian infrastructure and climate tech firms showcased their solutions and engaged with international investors to tap into global markets.
H.E. Dr. Shilpak Ambule, Indian High Commissioner to Singapore, highlighted India’s investment in physical and digital infrastructure and legislative reforms, creating a pro-market environment. An India opportunity presentation by Invest India spotlighted the country’s flourishing startup ecosystem, skilled workforce, infrastructure investments, and policy reforms to improve the ease of doing business.
Ms Nivruti Rai, MD and CEO of Invest India emphasized India’s collaboration with investors and startups to drive sustainable infrastructure and renewable energy projects to meet Net Zero targets. During a fireside chat titled “Charting India Opportunity,” Ms Radhika Rao highlighted India’s strengths in policy consistency, increasing investment, trade composition, and consumption growth.
Ms Sonal Varma, Managing Director of Nomura, discussed the Nomura India report, showcasing India’s attractiveness for investments across sectors. Mr. Kunal Agarwal, MD of I Squared, emphasized India’s Infrastructure Supercycle and its role in enabling the digital revolution.
Industry members praised the forum for promoting economic cooperation in the Indo-Pacific region, emphasizing the importance of collaboration to address challenges and create new growth opportunities. The event underscored the significance of a clean economy and resilient supply chains.
The IPEF, comprising four pillars of cooperation—Trade, Supply Chain, Clean Economy, and Fair Economy—aims to foster resilient, sustainable, and inclusive economic growth in the Indo-Pacific region. The Clean Economy Investor Forum mobilizes investments into sustainable infrastructure, climate technology, and renewable energy projects.
