India signed key agreements focused on a clean economy, fair economy and the IPEF Overarching arrangement under the Indo-Pacific Economic Framework for Prosperity (IPEF) during Prime Minister Narendra Modi’s meeting with the leaders at the Quad Summit in the US, the government said on Sunday.
According to a statement from the Ministry of Commerce and Industry, these pacts would facilitate development, access and deployment of clean energy and climate-friendly technologies.
The IPEF 'Clean Economy Agreement' aims to promote technical cooperation, workforce development, capacity building, and research collaborations; and collaborate to facilitate development, access, and deployment of clean energy and climate-friendly technologies.
It aims to collectively accelerate efforts of IPEF partners towards energy security and transition, climate resilience and adaptation and GHG emissions mitigation, said the ministry.
The IPEF 'Fair Economy Agreement' intends to create a more transparent and predictable trade and investment environment across the Indo-Pacific.
To achieve these goals, the IPEF partners will collaborate to enhance their efforts in preventing and combating corruption, including bribery, and supporting initiatives to improve tax transparency, the exchange of information, domestic resource mobilisation, and tax administration.
The 'Overarching IPEF Agreement' seeks to establish a high-level political oversight framework at the Ministerial level over the various individual IPEF agreements, while setting general guidance and goals.
The ministry said that agreement is expected to facilitate the effective implementation of subject agreements, that have the potential to enhance India's productive capacity, and integration into supply chains, and promote innovation, in line with the concept of ‘Atmanirbhar Bharat’.
The Union Cabinet, chaired by PM Modi, had accorded the approval earlier this month for the signing and ratification of these three agreements.
The IPEF partners aim to catalyse investment in green technology and reduce GHG emissions through various means including annual business matching events under the Investor Forum.
At the inaugural forum in Singapore in June, IPEF partners identified $23 billion worth priority infrastructure projects, including $4 billion from India which offered potential opportunities for investment in some Indian renewable energy companies.
IPEF was launched on May 23, 2022 in Tokyo, comprising 14 countries. It seeks to strengthen economic engagement and cooperation among partner countries to advance growth, economic stability and prosperity in the region.
Tripura to have Nicco park-model modern recreational park at Jirania: Tourism Minister
The state tourism minister Sushanta Chowdhury on Friday chaired a meeting at Jirania in West Tripura district and said that responding to the proposal of the Tripura government, the Centre has approved establishment of Nicco park-model modern recreational park at Sachindranagar in Jirania subdivision.
PM Modi emphasising on development of North East region: Union MoS Dr. L. Murugan
The Union Minister of State for Information and Broadcasting and parliamentary Affairs Dr. L. Murugan on Friday claimed that the Northeastern states including the states of Tripura is moving in parallel with the rest of the country in terms of development.
State govt integrates AI tools to modernize administration
In a decisive move to modernize public administration, the Tripura government has begun integrating Artificial Intelligence (AI) into its governance framework, aiming to enhance transparency, efficiency, and citizen service delivery.
MoS Dr. L Murugan leads Tiranga Yatra in Belonia, says Operation Sindoor a success
Union Minister of State for Information & Broadcasting and Parliamentary Affairs, Dr. L Murugan, Friday led a Tiranga Yatra in Belonia under South District of Tripura to mark the success of Operation Sindoor and express solidarity with Prime Minister Narendra Modi and the Indian Armed Forces.
India in no hurry to review suspension of Indus Waters Treaty: MoJS
The Ministry of Jal Shakti (MoJS) is in no hurry to dilute the decision to keep the Indus Waters Treaty (IWT) in abeyance, a stand taken by the Centre as part of tough measures announced against Pakistan after the Pahalgam attack, a top official said on Friday.
Pak plans to give Rs 14 crore to Masood Azhar from public funds: Rajnath Singh
Addressing troops at a military base in Gujarat's Bhuj, Rajnath Singh claimed that the Pakistan government intended to give Rs 14 crore to Masood Azhar, the UN-designated terrorist and chief of Jaish-e-Mohammed (JeM).
India's GDP growth in Q4 of 2024-25 expected at 6.8-7 per cent: Report
The Indian economy is expected to grow at 6.8-7 per cent in the fourth quarter of the financial year 2024-25, driven by the agriculture sector, according to a Bank of Baroda report released on Friday.
BJP, Congress welcome govt's move to send multi-party MP delegations abroad on Pahalgam attack
The Narendra Modi-led government's planned diplomatic initiative of sending multi-party MP delegations to major world capitals to expose Pakistan’s role in the recent Pahalgam terror attack and to rally global support against cross-border terrorism has won support from both the ruling BJP and the opposition Congress.