| |December 20205A transition towards renewable energy is evident globally as the awareness pertaining to climate change rises. If we look at the India market in particular, the renewable energy sector of the country is currently the fourth most attractive renewable energy market in the world. As per the data from 2018, in terms of installed capacity, the country is at the fourth position in wind power, fifth in solar power and fifth in renewable power. Majority of this growth can be attributed to the increase in FDI which has buttressed the renewables ecosystem in India. Data released by Department for Promotion of Industry and Internal Trade (DPIIT) says that the Indian non-conventional energy sector witnessed an FDI inflow worth US$ 9.22 billion between April 2000 and March 2020.Moreover, the government is making effort to support the renewable energy production through various schemes and incentives. It is offering subsidies and tax benefits to producers and consumers to encourage the adoption of solar energy. One of the many examples is the fact that the solar power generation companies need not pay income tax on the profit gained during the first ten years after starting their operation. This is a considerable encouragement for power generation companies who as a result are readily looking to do away with fossil fuels and are investing in renewable energy such as solar power. Hence, India is poised to be one of the front-runners in the renewables segment with several startups and large players looking to harness the immense potential of this market. We studied this industry segment in-depth and have come up with the list of 10 Most Promising Renewable Energy Equipment Manufacturers who have excelled in this field with their innovative approach. Having proven their dedication to quality and end-to-end addressal of customer requirements, these companies have stood out from the crowd. We look forward to receiving your feedback. Sudhakar SinghEditorsudhakar.singh@theindustryoutlook.comRenewable Energy for Sustainability Vol 2 · Issue 5-4 · December, 2020Publisher Alok ChaturvediEditor Sudhakar Singh Editorial Team Janifha Evangeline Samrat Pradhan Hridkamal Roy Aveek Pal Chaudhuri Art & Graphics Ashok Kumar Mohan Krishnan GM Sales & MarketingVirupakshi Pattarsales@theindustryoutlook.com Editorial Querieseditor@theindustryoutlook.comCirculation Manager Magendran PerumalCover price is Rs. 150 per issue.Printed and Published By Alok Chaturvedi on behalf of Siliconmedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Publisher Alok ChaturvediCopyright © 2020 SiliconMedia Technolo-gies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permis-sion from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher. | | December 20194
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