The Indian attitude towards climate change is changing and this is going to heavily impact on the cleantech industry.
A developing economy, a growing population, and the limited availability of natural resources all point India towards a future where environmental concerns and clean technologies converge as key drivers of business.
Opportunities for New Zealand providers of products and services in the Cleantech sector exist in:
- Waste and water management – The ever increasing demand between supply and demand of water highlights the need for India’s cities and industries to use water more efficiently. Industry estimates about wastewater treatment in India was at around US$420 million, and is growing 15 to 20 percent annually. The market can be equally divided between water provisioning, municipal water treatment and industrial water treatment.
- Renewable Energy – Opportunities exist for companies dealing in Solar and PV (Photovoltic Systems), Bio Fuels, Bio Gas, Power Generation, Fuel Cells, Advanced Batteries, Hydrogen Generation and Storage etc. Solar Trackers which increase the yield of Solar Panels by tracking the
movement of the Sun. Others areas of opportunities for Raw Material Suppliers, Transportation, Transmission and Distribution, Desalinization, Waste Reduction, Recycling etc.
- Clean Agriculture – India is one of the major agrarian economies of the world and has a fast growing population with rising per capita income. These factors have placed significant pressure on agricultural productivity and have created significant investments opportunities in technologies that help improve crop yields and reduce water consumption, energy and land usage.
- Geothermal – This industry is in its infancy in India, as the government still in the process of finalizing the policy. Geothermal Atlas of India, prepared by the Geological Survey of India (GSI) has identified more than 350 geothermal potential sites. Currently this industry has two main
players in Tata Power Consortium (consisting of Origin Energy and PT Supraco Indonesia) and Thermax (in partnership with an Iceland company Rekjavik Geothermal).
- Energy infrastructure – For India, going 'green' is not an option anymore – it is a necessity. The Infrastructure Industry has increasingly become more conscious about adopting eco-friendly practices in both residential and commercial buildings. A large number of infrastructure companies have responded to issues relevant to environment degradation by adopting energy-efficient technologies. Many infrastructure projects are being embedded with environment-friendly raw materials and a growing number of infrastructure companies are consulting environmentalists. Many companies have started to invest more in R&D to address green infrastructure issues including improving designs in water and energy related services.
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