The CleanTech market in India is developing rapidly due to the rise of awareness about environmental issues, favourable government policies, and huge investments. Due to increased pollution and climate change, the country is exploring ways of developing sectors such as CleanTech. India CleanTech is a broad industry that comprises technologies used to minimize pollution levels within the Indian environment through the use of renewable energy systems, waste treatment systems, water purification technologies, and energy conserving technologies. The sector has potential to grow at more than 20 percent compounded annual growth rate (CAGR) in the next five years. This expansion is also due to the Indian government’s intent to meet sustainability goals.
Startups have a vital role to play in this emerging market. As new business ventures continue to be incubated, there is an increased number of CleanTech start-ups developing solutions for particular environmental issues. These startups are building next generation solutions in space like solar energy, electric mobility, smart grid & storage etc. CleanTech start-ups in India are leveraging the positive policy environment in terms of subsidies, tax relief and funding aimed at the promotion of green technologies. Furthermore, there is rising interest of private investors and venture capitalists in CleanTech startups since they are likely to yield high returns in addition to being environmentally friendly.
In this special issue, we introduce you to the top startups in this segment. Industry Outlook has identified the select few companies that have done particularly well in this sector with a high level of dedication. We have found that these companies have gone the extra mile in proving their commitment to meet the customer needs in an integrated manner.
We welcome your feedbacks and suggestion that you may have concerning this special issue.
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