ENA Sectors 2024-03-19 16:48:03 <p><span style="font-size:14px"><strong>New Delhi, Mar 19 (KNN)</strong> India and France are gearing up to unveil an Indo-Pacific Fund dedicated to fostering climate innovation and supporting start-ups across nations in the region.</span></p> <p><span style="font-size:14px">In a collaborative effort, the two countries are poised to initiate the fund later this year, as disclosed by informed sources, reported Mint.</span></p> <p><span style="font-size:14px">The framework and funding allocation for the fund have been meticulously finalised, with a focus on financing projects spanning the Western Indian Ocean and the wider Indo-Pacific area.</span></p> <p><span style="font-size:14px">The genesis of this initiative stems from bilateral discussions subsequent to Prime Minister Narendra Modi's visit to France on Bastille Day in July 2023.</span></p> <p><span style="font-size:14px">Underpinning the Indo-Pacific Triangular Cooperation (IPTDC) Fund is a distinctive model of Triangular Development Cooperation, wherein India and France converge their efforts.</span></p> <p><span style="font-size:14px">The primary objective of this fund is to bolster climate and Sustainable Development Goals (SDG) oriented innovations and start-ups originating from third-party countries within the Indo-Pacific region.</span></p> <p><span style="font-size:14px">The overarching aim is to expedite the proliferation of green technologies being incubated in the region.</span></p> <p><span style="font-size:14px">This was elucidated in the 'Horizon 2047' joint vision statement released during Prime Minister Modi's visit to France.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 37091 https://knnindia.co.in/news/newsdetails/sectors/india-france-to-launch-indo-pacific-fund-for-climate-innovation 2024-03-19 16:48:03 knnindia.co.in