Sheeraz Haji, CEO of Cleantech Group, gives an insight into the growing cleantech market worldwide and how India can take a leadership position irrespective of carbon markets.
Cleantech
Cleantech Group with more than $3 trillion in assets brings together Rajat Gupta, director, McKinsey; Tejpreet S Chopra, president & CEO, GE India; Raja Parthasarathy, MD, IDFC Private Equity; Anupam Yog, founder, Mirabilis Advisory and Nitin Desai, former UN under secretary-general to deliberate on strengthening clean technology business in India.
While venture investing in clean technology increased 38% globally, it fell 20% in India in 2008.
Cleantech venture investment has hit an all-time high. It has already surpassed last year’s total of $6.0 billion and stands at $6.6 billion, according to Cleantech Group, which has venture capitalist Vinod Khosla chairing its India advisory board.
India is promising to become the world’s clean energy hot spot. Seven trends are catalysing the evolution of low-carbon economy in India.
Clean technology or cleantech is a happening business opportunity worldwide. Venture capitalists invested $2.2 billion in US cleantech companies in 2007.