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March 22, 2024 1:08 PM

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Commerce Minister Piyush Goyal Urges Indo-Pacific Investors to Tap into India’s Clean Economy Opportunities

Commerce and Industry Minister Piyush Goyal, today, invited investors from Indo-Pacific Economic Framework  (IPEF)  partners to invest and benefit from the trillion dollars plus opportunity that India provides in the clean economy domain. Mr Goyal was attending the ministerial meeting of the year of IPEF for Prosperity today. In a virtual meeting with U.S. Secretary of Commerce Gina Raimondo, Thailand’s Deputy Prime Minister Parnpree Bahiddha-Nukara and other IPEF partners, Mr. Goyal called for an expeditious implementation of all the action-oriented collaborative elements under IPEF Pillars. He highlighted India’s global production capacities in many critical sectors, which provide supply diversification opportunities for IPEF partners.  During the meeting, the IPEF partners welcomed the significant progress made since the substantial conclusion of the negotiations for the proposed IPEF Clean Economy Agreement-Pillar III, the IPEF Fair Economy Agreement-Pillar IV, and Agreement on IPEF in November 2023. The IPEF partners also discussed the ongoing cooperative work ahead across the three proposed agreements and the steps to deliver concrete outcomes under the Framework over the next several months.