Correct Answer : Singapore
* The 14-member IPEF bloc, including India and the US, will organise an investor forum meet in Singapore on June 5- June 6, 2024, wherein domestic climate tech entrepreneurs and companies can win a chance to showcase and pitch their products to global investors.
* The government has invited applications from domestic climate tech entrepreneurs and companies to participate in the meeting, the commerce ministry said in a statement.
* The last date to apply is April 26 and the applications will be evaluated by regional and industry experts.
* “The top 100 companies will be announced in early May 2024 and shortlisted companies will be invited to showcase and pitch at the investor forum in Singapore,” it added.
* The Indo-Pacific Economic Framework for Prosperity (IPEF) was launched in May 2022 and includes 14 countries namely Australia, Brunei, Fiji, India, Indonesia, Japan, Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, the US and Vietnam.
* It provides a platform for these countries to collaborate on advancing resilient, sustainable, and inclusive economic growth, and aims to contribute to cooperation, stability and prosperity in the region. The IPEF comprises four pillars of cooperation – Trade, Supply Chain, Clean Economy and Fair Economy.
The IPEF Clean Economy Investor Forum is one of the initiatives under the framework.
* It brings together the region’s top investors, philanthropists, financial institutions, innovative companies, startups and entrepreneurs, the ministry said, adding that the forum aims to mobilize investments into sustainable infrastructure, climate technology and renewable energy projects..
Source : Indian Express
