{"id":53491,"date":"2023-03-17T11:02:08","date_gmt":"2023-03-17T05:32:08","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=53491"},"modified":"2024-04-23T18:03:40","modified_gmt":"2024-04-23T12:33:40","slug":"the-future-of-cleantech-sector-in-india","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/the-future-of-cleantech-sector-in-india\/","title":{"rendered":"The Future of Cleantech Sector in India: An Overview"},"content":{"rendered":"\n<p>The\nterm Cleantech is often used interchangeably with green technology or\nsustainable technology. It&#8217;s a term referred to many different environmentally-friendly\npractices. As Indians are getting concerned about being sustainable and\neco-friendly, the Cleantech\nSector in the Indian (clean technology) market has witnessed\nsignificant growth in the past few years. The demand for Clean technology in\nmany different businesses is increasing rapidly. The future and vision of the Clean\ntechnology sector in India are very bright as it helps to reduce or eliminate\nnegative environmental impacts encouraging economic and social development.<\/p>\n\n\n\n<p>Clean\ntechnology companies are growing with an uprising graph, and India&#8217;s current\nrenewable energy capacity is 150+ GW and is expected to increase to a capacity\nof 300 GM by 2030. Some examples of clean technology sector include businesses\naiming to reduce carbon footprint, smart agriculture, solar energy, renewable\nenergy, sustainable transportation and recycling, and sustainable fashion.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/the-future-of-cleantech-sector-in-india\/#Why_Is_Cleantech_Industry_Crucial_For_Future_India\" >Why Is Cleantech Industry Crucial For Future India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/the-future-of-cleantech-sector-in-india\/#Cleantech_or_Green_Technology_Based_Businesses_in_India\" >Cleantech or Green Technology Based Businesses in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/the-future-of-cleantech-sector-in-india\/#Generation_of_Application_of_Renewable_Energy_in_the_Cleantech_Sector_in_India\" >Generation of Application of Renewable Energy in the Cleantech\nSector in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/the-future-of-cleantech-sector-in-india\/#Government_Initiative_and_Policies_for_the_Cleantech_Sector_in_India\" >Government Initiative and Policies for the Cleantech Sector\nin India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/the-future-of-cleantech-sector-in-india\/#Future_of_the_Cleantech_Sector_in_India\" >Future of the Cleantech Sector in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/the-future-of-cleantech-sector-in-india\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_Is_Cleantech_Industry_Crucial_For_Future_India\"><\/span>Why Is Cleantech Industry Crucial For Future India?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The rapid growth of urbanization and utilization of natural resources is increasing gradually, and for the protection of the environment and fight climate change, India is adopting sustainable ways to improve living standards and also make the environment clean and green for a better future. Cleantech Sector in India is helping to fight climate change.<\/p>\n\n\n\n<p>Clean\ntechnology in India not only refers to just generation of Renewable Energy but\nalso covers Water and Wastewater Management, Electronic Waste disposal and\nrecycling. The Clean technology range covers an array of products, services and\nprocesses that generate renewable materials and energy sources, which reduce\nthe use of natural resources and eliminate emissions and wastes. We would\ndiscuss some of the environmental challenges we are facing as a planet are:<\/p>\n\n\n\n<p><strong>Climate\nChange: <\/strong>The rise of temperature or weather patterns and Clean\ntechnology can help reduce greenhouse emissions to reduce temperature and fight\nglobal warming through the efforts of the Cleantech sector in India.<\/p>\n\n\n\n<p><strong>Pollution: <\/strong>Additional\nof any harmful substance in the environment. It could be in the form of water,\nair, and soil pollution and will play an essential role in the Cleantech sector\nin India.<strong><\/strong><\/p>\n\n\n\n<p><strong>Biodiversity Loss: <\/strong>The cleantech sector in Indiamust also address the loss of biodiversity due to increased pollution and global warming. We are facing a vast challenge in the loss of biodiversity.<\/p>\n\n\n\n<p><strong>Food Loss: <a class=\"text-primary\" href=\"https:\/\/corpbiz.io\/learning\/scope-of-food-waste-management-business-in-india\/\">Food waste management<\/a><\/strong> is essential as it is generated during production, processing, distribution, and consumption.<\/p>\n\n\n\n<p>The\nabove-listed points are the primary concerns that affect the environment. Clean\ntechnology can help mitigate or reduce these harmful impacts and promote using\ngreen or sustainable technology.<\/p>\n\n\n\n<p><strong>Table\n1:<\/strong> Sector-wise targets and cumulative achievements\n(as of 31.12.2021)<\/p>\n\n\n\n<figure class=\"wp-block-table table table-bordered\"><table><tbody><tr><td>\n  <strong>Sectors<\/strong>\n  <\/td><td>\n  <strong>Target by 2022 (GW)<\/strong>\n  <\/td><td>\n  <strong>Installed capacity (GW)<\/strong>\n  <\/td><td>\n  <strong>Under<\/strong>\n  <strong>Implementation (GW)<\/strong>\n  <\/td><td>\n  <strong>Tendered (GW)<\/strong>\n  <\/td><td>\n  <strong>Total Installed\/ or in the Pipeline (GW)<\/strong>\n  <\/td><\/tr><tr><td>\n  Solar Power\n  <\/td><td>\n  100\n  <\/td><td>\n  49.35\n  <\/td><td>\n  40.86\n  <\/td><td>\n  20.52\n  <\/td><td>\n  110.73\n  <\/td><\/tr><tr><td>\n  Wind Power\n  <\/td><td>\n  60\n  <\/td><td>\n  40.08\n  <\/td><td>\n  9.65\n  <\/td><td>\n  1.50\n  <\/td><td>\n  51.23\n  <\/td><\/tr><tr><td>\n  Bio energy\n  <\/td><td>\n  10\n  <\/td><td>\n  10.61\n  <\/td><td>\n  0.00\n  <\/td><td>\n  0.00\n  <\/td><td>\n  10.61\n  <\/td><\/tr><tr><td>\n  Small Hydro\n  <\/td><td>\n  5\n  <\/td><td>\n  4.84\n  <\/td><td>\n  0.36\n  <\/td><td>\n  0.00\n  <\/td><td>\n  5.20\n  <\/td><\/tr><tr><td>\n  Hybrid\/Round the clock (RTC)\/Preaking\n  Power\/Thermal+RE Building\n  <\/td><td>\n  0\n  <\/td><td>\n  0\n  <\/td><td>\n  5.44\n  <\/td><td>\n  4.80\n  <\/td><td>\n  10.24\n  <\/td><\/tr><tr><td>\n  <strong>Total<\/strong>\n  <\/td><td>\n  <strong>175<\/strong>\n  <\/td><td>\n  <strong>104.88<\/strong>\n  <\/td><td>\n  <strong>56.31<\/strong>\n  <\/td><td>\n  <strong>26.82<\/strong>\n  <\/td><td>\n  <strong>188.01<\/strong>\n  <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Source: mnre.gov<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Cleantech_or_Green_Technology_Based_Businesses_in_India\"><\/span>Cleantech or Green Technology Based Businesses in India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Everyone\nbenefits from the implementation of Greentech because by implementing green or\nsustainable technology, we are stepping forward towards sustainable development\nand supporting the environment. Almost every company can participate in green\ntechnology, help conserve natural resources, and maintain its corporate\nsustainability and social responsibility image in the market. The following are\nsome sectors using Cleantech or green technology-based Businesses in India.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Generation_of_Application_of_Renewable_Energy_in_the_Cleantech_Sector_in_India\"><\/span>Generation of Application of Renewable Energy in the Cleantech\nSector in India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Energy\ngeneration is a great contributor to GHG and, therefore, climate issues, so\nfossil fuel and unrenewable should be replaced and conserved to threaten the\nenvironment less. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Generation of Application of Solar Energy<\/h3>\n\n\n\n<p>Solar\nenergy uses solar panels installed in the area where the source of sunlight is\nmaximum and helps generate more solar energy. India averages around 300 sunny\ndays, which amounts to about 1600 \u2013 2200 kWh per square meter, translating to\nabout 6 billion GW hours of potential solar energy production.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Generation of Application of Wind Energy<\/h3>\n\n\n\n<p>Wind\nturbines produce no emissions at the time of operation and hence is considered\none of India&#8217;s Clean technology or most sustainable technology. The country\ncurrently has the world&#8217;s fourth highest wind installed capacity with a total\ninstalled capacity of 40.08 GW (as of 31st December 2021) of which 1.46 GW was\nadded from January to December 2021. The number of units generated from wind\npower projects from January to December 2021 was 68.08 billion units.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Generation of Application of Energy from Biomass&nbsp;&nbsp;&nbsp; <\/h3>\n\n\n\n<p>In\nIndia, biomass fuels more than 32% of the primary energy consumption (primarily\nas a cooking and heating fuel and not as a fuel for electricity generation). It\nis available to almost 70% of the Indian population. It accounts for 12.8% of\nthe total renewable energy capacity installed. With an estimated availability\nin India of about 500 million tons of biomass per year, 120 &#8211; 150 million tons\nis available for power generation. The policies and incentives are the\nsignificant advantages of entering the biomass sector in India.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Hydroponics in Agriculture<\/h3>\n\n\n\n<p>Agriculture\nis also a massive contributor to global greenhouse gases. Implementing smart\nagriculture can minimize environmental effects, and it is done using nutritive\nmedia. Utilizes less space than regular farming, less water and no seasonal limitations.\n<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Development of Sustainable Transportation<\/h3>\n\n\n\n<p>Transportation\ncontributes a significant greenhouse emission in the atmosphere, ultimately\nleading to global warming due to the release of carbon monoxide, carbon\ndioxide, and nitrogen oxide. Introducing an electric vehicle is a good\nalternative that helps minimize pollution and is an energy-saving alternative\nand one of the best Greentech. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Businesses Modelled On Recycling <\/h3>\n\n\n\n<p>Using\nmore recycling materials should be encouraged, as it&#8217;s a powerful tool to\nincrease sustainability efforts. Recycling more plastic products and electronics\nproducts can generate less plastic and e-waste in India; recycling can reduce\nthe use of virgin products and works in the circular economy.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Small Hydro Projects<\/h3>\n\n\n\n<p>Small\nHydro Projects (SHP) are advantaged by not facing deforestation and\nresettlement issues like their larger counterparts and have the requirements to\nmeet electricity requirements in remote areas. According to the International\nJournal of Electrical Engineering and Technology (IJEET), there are 5415\npotential sites to set up small hydropower plants in India. The total potential\ncapacity of these sites will yield about 14.3 GW of power.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Generation of Biofuels<\/h3>\n\n\n\n<p>As\nbiofuels seek to supplement petroleum and diesel, the Indian Government intends\nto increase energy security while keeping a check on energy prices. However,\nthe reality in India is that most biodiesel producers have started using\ninedible oils and oil waste (due to lower prices) instead of Jatropha seeds,\nwhich is an agro-product and therefore offers opportunities for agriculture too.\nSecond-generation biofuels derived from non-food sources such as Karanja oil\n(Pongamia oil derived from seeds of the Millettia tree) and microalgae are\nconsidered the most suitable options for addressing energy security in India.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Government_Initiative_and_Policies_for_the_Cleantech_Sector_in_India\"><\/span>Government Initiative and Policies for the Cleantech Sector\nin India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The\npolicy and regulatory environment are critical in stimulating the acceleration\nof clean technology in India. Central (Federal) and State level jurisdictions\ngovern the current clean technology policy. The Central Government introduced\nthe National Action Plan on Climate Change (NAPCC) in 2008. It outlines a\nnational strategy that aims to adapt to climate change and enhances the\necological sustainability of India&#8217;s development path. Under this plan, the Government\nhas identified particular core &#8220;National Missions&#8221; spread across\nclean technology industry sectors.<\/p>\n\n\n\n<ul>\n<li>Jawaharlal Nehru National Solar Mission<\/li>\n\n\n\n<li><strong>National Wind-Solar Hybrid Policy<\/strong><\/li>\n\n\n\n<li>Generation Based Incentives (GBIs) for Wind Energy<\/li>\n\n\n\n<li>Energy Efficiency (Clean Development Mechanism (CDM) specified by the Kyoto Protocol (IPCC 2007)<\/li>\n\n\n\n<li>Regulatory Framework Policy (Renewable Energy pricing falls under the purview of Electricity Regulatory Commissions (ERCs) in the states of India)<\/li>\n\n\n\n<li>Policy and Regulatory Environment for FDI and Investment in Clean Technology<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Future_of_the_Cleantech_Sector_in_India\"><\/span>Future of the Cleantech Sector in India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The\nclean technology Industry is set up to achieve growth and advancement. Due to\nthe increased depletion of resources, urbanization and climate change,\ninvestments in clean technology are required. Companies are being established\nto gain the idea and use of clean technology. India is investing billions into\nthis sector, and because of this, it&#8217;s known to be one of the biggest markets\nin this lookout. The developed countries have been transporting advanced\ntechnology to protect the environment in India. India put forward a strong\nbusiness perspective for its foreign investors, so some top companies actively\nparticipate in the Indian Clean Technology sector or industry.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>India actively participates in the Cleantech sector in the Indian industry with appreciable efforts and investments. And in this year&#8217;s budget, we focus mainly on seven sectors, one of which is green growth. The Government is formulating several regulations so companies can easily purchase renewable electricity from state distributors. And with the increasing pollution, there is a tremendous demand for clean power to boost energy and reduce pollution; thus, India is becoming more developed and sustainable in clean technology. Because of this, most eco-friendly investors are approaching the Indian Clean technology industry with great interest.<\/p>\n\n\n\n<p><strong>Also Read<\/strong>: <br><a href=\"https:\/\/corpbiz.io\/learning\/how-to-get-bis-certification-for-solar-panels-in-india\/\">How To Obtain BIS Certification For Solar Panels In India?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The term Cleantech is often used interchangeably with green technology or sustainable technology. It&#8217;s a term referred to many different environmentally-friendly practices. As Indians are getting concerned about being sustainable and eco-friendly, the Cleantech Sector in the Indian (clean technology) market has witnessed significant growth in the past few years. The demand for Clean technology [&hellip;]<\/p>\n","protected":false},"author":61,"featured_media":53493,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2093],"tags":[3245],"acf":{"service_id":"649"},"authorName":"Noopur Raj","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2023\/03\/MicrosoftTeams-image-3.png11.jpg","authorDescription":"Noopur is an experienced operations professional with a Postgraduate Degree from BHU with specialisation in Environmental Science and Technology and graduation in Biotechnology. After working as as an Intern at CPCB and CSIR\u2013NEERI, Noopur gained vast work experience in Industrial waste management and EPR regime for plastic.","postViews":2637,"readingTime":6,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/53491"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=53491"}],"version-history":[{"count":5,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/53491\/revisions"}],"predecessor-version":[{"id":63805,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/53491\/revisions\/63805"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/53493"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=53491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=53491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=53491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}