Indo-Pacific Economic Framework for Prosperity (IPEF)

Context

The Indo-Pacific Economic Framework for Prosperity (IPEF) is set to host its first clean economy investor forum in Singapore on June 5-6.

Opportunities For the Indian industry

• Climate Tech Track:  Under this track, IPEF Clean Economy Investor Forum is holding an open call that aims to recognise the top climate tech companies and start-ups among the member countries and present them to global investors. 
  • Climate tech entrepreneurs and companies in India may apply under this track.
• Infrastructure Track: Under this track, India will showcase selected investible sustainable infrastructure projects at the 2024 Forum. 
  • The sectors of focus are energy transition, transport and logistics, waste management/waste to energy.
  • Indian investors who aim to invest in the IPEF partner countries, in either or both the tracks mentioned above are also encouraged to participate in the Forum.

About Indo-Pacific Economic Framework for Prosperity (IPEF)

• Genesis: The Indo-Pacific Economic Framework for Prosperity (IPEF) was launched in May 2022.
• Partner Countries: It currently includes 14 partners – Australia, Brunei Darussalam, Fiji, India, Indonesia, Japan, the Republic of Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, United States and Vietnam.
• Objective: To collaborate on advancing resilient, sustainable, and inclusive economic growth, and aims to contribute to cooperation, stability and prosperity in the region. 
• Pillars: The IPEF comprises four pillars of cooperation namely: Trade, Supply Chain, Clean Economy and Fair Economy.

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