The framework has 14 countries including India, Australia and the US, representing 40% of global gross domestic product and 28% of the global trade in goods and services. "The coalition estimates that its members, taken together, have over $25 billion in capital that can be deployed in Indo-Pacific emerging market infrastructure investments in the coming years," the ministry said.The IPEF is structured around four pillars relating to trade, supply chains, clean economy and fair economy. India has joined all the pillars except the one on trade.At the meeting, which started on Wednesday, Barthwal also highlighted key reforms around ease of doing business in India to improve business environment over the last decade. Above 300 participants from financial institutions, multilateral development banks, venture capital funds, project owners, entrepreneurs and government agencies from IPEF partners participated under the sustainable infrastructure and climate tech engagement tracks. "In the sustainable infrastructure track, after the screening, four companies (ReNew Power, Avaada Energy Pvt Ltd, Indusbridge Capital Advisors LLP.

Source: Economic Times June 07, 2024 05:03 UTC