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India & Clean Economy

The 26th session of the United Nations Framework Convention on Climate Change (COP 26) in November 2021, saw India announce its target to achieve net zero by 2070. This goal was part of India’s Panchamrit of climate action.

500 GW

Non-fossil energy capacity by 2023

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50%

Energy requirements from renewable energy by 2023

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~1 Bn

Reduction of total projected carbon emission from 2021 to 2030

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~45%

Reduction of carbon intensity of the economy by 2030

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Net Zero Emission

To be achieved by 2070

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These ambitious targets reflect India’s commitment to tackling climate change through concerted effort and action. A key element of that is India’s progress on a clean economy, particularly Renewable Energy (RE). India has overachieved its commitment made at COP 21- Paris Summit by already meeting 40% of its power capacity from non-fossil fuels in 2022, approximately nine years ahead of the promised timeline. In August 2022, India updated its NDC according to which the target to reduce emissions intensity of its GDP has been enhanced to 45 percent by 2030 from 2005 level, and the target on cumulative electric power installed capacity from non-fossil fuel-based energy resources has been enhanced to 50% by 2030. As an international climate leader, India has utilized the G20 presidency to call for global renewable energy capacity to triple by 2030, recognizing the need for decarbonization measures to decouple the fast-growing economy from GHG emissions and accomplish net-zero targets. India also recognizes that any country’s progress in isolation is no solution to climate change. The country’s tradition is rooted in the concept of Vasudhaiv Kutumbakam, which translates to the world being one big family. And climate change is a threat the world faces together, as this collective. The causal factors of climate change and its impacts cut across geographical and political borders, necessitating collective action to tackle it. This highlights the importance of international alliances, forums, organisations and other multilaterals which can engage the global stakeholders in a collective response to both mitigate and adapt to Climate Change. One such key platform is the Indo-Pacific Economic Forum for Prosperity (IPEF).

IPEF Clean Economy Investors Forum

The upcoming Clean Economy Investor Forum is one of the initiatives under IPEF. Apart from government stakeholders, it brings together the region’s top investors, clean economy companies and start-ups. The forum aims to mobilize investments into sustainable infrastructure, climate technology and renewable energy projects.

The first Forum will be hosted by Singapore on the 5th and 6th June 2024.

Two tracks of engagement within the Investors Forum.

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Sustainable Infrastructure Track

Infrastructure projects in any sector will be eligible if the project advances the objectives of the IPEF Clean Economy Agreement. Shortlisted project proponents would be invited to pitch their concepts to global investors at the Investor Forum in Singapore on 5-6 June. Some of the key Sectors include energy transition (electric gird; renewable energy, including solar, and onshore wind; sustainable aviation fuel; battery storage; hydrogen; green data centers), transport and logistics (e.g. Electric Vehicle, EV charging points), waste management/waste to energy.

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Climate Tech Track

Under this track, Climate tech entrepreneurs and startups based in the region, are invited to submit their innovative ideas, technologies and solutions that can contribute to mitigating or adapting to climate change. The selected winners in this track will be invited to pitch at the Investor Forum in Singapore on 5-6 June 2024.

Infrastructure Track Projects
Project ID: 900866

JGRJ (Jakson Green Private Limited)

Total project Cost

$ 59.1 Mn

Sector : Renewable Energy

State : Rajasthan

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Project ID: 900867

JGRJ 1 (Jakson Green Private Limited)

Total project Cost

$ 118.2 Mn

Sector : Renewable Energy

State : Rajasthan

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Project ID: 900868

JGRJ 2 (Jakson Green Private Limited)

Total project Cost

$ 236.39 Mn

Sector : Renewable Energy

State : Rajasthan

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Project ID: 900869

Jakson Solar Cell & Module Manufacturing

Total project Cost

$ 176.04 Mn

Sector : Renewable Energy

State : Rajasthan

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Project ID: 900870

Powerica Limited Orchid Project

Total project Cost

$ 100.59 Mn

Sector : Renewable Energy

State : Gujarat

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Project ID: 900871

Ocior Energy Green Hydrogen/ Green Ammonia Project In Odisha

Total project Cost

$ 553.26 Mn

Sector : Chemicals

State : Odisha

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ClimateTech Companies
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BluSmart

Passenger Transportation Services
Ahmedabad, Gujarat

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LOHUM

Clean Tech
Gautam Buddha Nagar, Uttar Pradesh

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Sea6 Energy

Biotechnology
Bengaluru Urban, Karnataka

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Log 9 Materials Scientific Pvt. Ltd.

Electric Vehicles
Bengaluru, Karnataka

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Kabira Mobility Pvt. Ltd.

Electric Vehicles
South Goa, Goa

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PadCare Labs

Clean Tech
Pune, Maharshtra

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New Leaf Dynamic Technologies Pvt. Ltd.

Energy
South Delhi, Delhi

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Eeki Foods

Agri-Tech
Kota, Rajasthan

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Batx Energies Pvt. Ltd.

Renewable Energy Solutions
Gurugram, Haryana

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Ambee

Data Science
Bengaluru Urban, Karnataka

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Kazam EV Tech Pvt. Ltd.

Manufacturing & Warehouse
Thane, Maharashtra

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Godi India Pvt. Ltd.

Renewable Energy Solutions
Ranga Reddy, Telangana

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SafEarth Clean Technologies Pvt. Ltd.

Renewable Energy Solutions
Ranchi, Jharkhand

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LivNSense GreenOps Pvt. Ltd.

Clean Tech
Bengaluru Urban, Karnataka

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igrenEnergi, Inc.

Auto, Truck & Motorcycle Parts
Mumbai, Maharshtra

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Buyofuel

Renewable Energy Solutions
Coimbatore, Tamil Nadu

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Encrate Pvt. Ltd.  (Brand Name - The Energy Company)

Auto & Truck Manufacturers
Bengaluru Urban, Karnataka

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MACLEC

Renewable Energy Solutions
West Delhi, Delhi

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Wings EV Pvt. Ltd.

Auto & Truck Manufacturers
Indore, Madhya Pradesh

The India Opportunity

India stands out as one of the fastest growing major economies on a global scale with a vast market characterized by a growing middle class and a youthful demographic profile. The Indian government has implemented various initiatives like Make in India, Digital India, and Startup India to facilitate and encourage foreign investments across multiple sectors. Among these initiatives, the Production Linked Incentives (PLI) scheme across 24 sectors of the economy plays a pivotal role in fostering manufacturing and aiming to enhance India's involvement and value addition in global value chains.

Situated at the crossroads of significant international trade routes, coupled with supportive policies such as PLI, India is poised to function as a strategic hub for businesses seeking to expand their global presence. Moreover, India has a sizable pool of skilled and talented professionals across diverse industries, providing a competitive edge for companies aiming to establish operations.

Substantial investments in infrastructure projects, including smart cities, industrial corridors, and transportation networks, are bolstering the business landscape and connectivity within the nation. Furthermore, policy reforms aimed at streamlining regulations, enhancing transparency, and improving Ease of Doing Business have notably boosted India's regulatory and business environment. With a flourishing startup ecosystem, India is rapidly emerging as a powerhouse of innovation and technology.

The India Opportunity event is an important step in viscerally bringing the India Opportunity to foreign investors. The event brings together investors from IPEF Member countries and Indian infrastructure and climate tech companies, to enable Indian firms to attract international investors and tap into global markets.

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The India Opportunity

Venue: Marina Bay Sands Singapore
6th June 2024 | 6:30-8:00 PM

Invest India Brochure & Other Collateral
Invest India

Invest In India with Invest India

Renewable Energy

Powering a Cleaner Future

Automobiles and Auto components

Driving New India's Growth

Ayush

Discover Holistic Health & Wellness for Today's Lifestyle

Semicon

Semicon India Program

Have a query? Reach out to us atipefinvestorforum@investindia.org.in