Cleantech, short for "clean technology," refers to a range of products, services, and processes that use renewable materials and energy sources, minimize the negative impact on the environment, and promote sustainable development. India's cleantech sector presents significant opportunities for innovation, investment, and job creation while addressing environmental challenges.

The Indian government has implemented various initiatives, policies, and regulatory frameworks to promote cleantech adoption. Programs like the National Solar Mission, the National Electric Mobility Mission Plan, and the Smart Cities Mission provide a supportive environment for cleantech development. Government incentives, subsidies, tax benefits, and renewable purchase obligations have also played a crucial role in driving investment and India Cleantech Market growth. Therefore, as India continues to prioritize sustainable development and address its energy and environmental challenges, the cleantech sector is expected to expand further, contributing to economic growth, job creation, and a greener future.

The report “India Cleantech Market, By Industry Type (Solar Energy, Wind Energy, Hydropower, and Biogas Energy), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

 Key Highlights:

• In May 2023, Union minister R. K. Singh released two new reports by CEEW and Villgro, which show that clean technologies have the potential to impact 37 million livelihoods in India's agriculture and textile sectors and translate into a market opportunity worth almost INR 4 lakh crore. Also, government launched new scheme for livelihood applications of distributed renewable energy.
• In June 2021, according to The Economic Times, India launched the Mission Innovation CleanTech Exchange, a global initiative that will create a network of incubators across member countries to accelerate clean energy innovation. The network, which was virtually unveiled at Chile's Innovating to Net Zero Summit, will give access to the knowledge and market insights required to help emerging solutions as they enter international markets.
• In September 2020, according to YOUR STORY, the world is quickly moving towards renewable energy due to fast depleting natural resources, growing population, and rising urbanization. Recently, Prime Minister Narendra Modi announced that India would boost its current capacity for clean energy, which stands at 134 GW, to 220 GW. He also emphasized the importance of further lowering tariffs through technical developments.

Analyst View:

The India Cleantech market has been experiencing steady growth over the years. This growth can be attributed to various factors such as the increasing prevalence of chronic diseases, ageing population, and rising healthcare expenditure. Pharmaceutical companies invest heavily in research and development to discover new drugs and improve the efficacy of existing ones. The development of innovative and advanced drugs with better therapeutic outcomes has also contributed significantly to the growth of the India Cleantech market. Nevertheless, with the increasing demand for effective treatments and the constant innovation in drug development, the India Cleantech market is expected to continue its growth trajectory in the coming years.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “India Cleantech Market, By Industry Type (Solar Energy, Wind Energy, Hydropower, and Biogas Energy), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Market Insights from the report:

India Cleantech Market is segmented based on Type, Application and Region.

• Based on Type, India Cleantech Market is segmented into Solar Energy, Wind Energy, Hydropower, and Biogas Energy.
• By Region, the India Cleantech Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of India Cleantech Market:

The prominent players operating in the India Cleantech Market includes, Azure Power Global Ltd., Gram Power India Pvt. Ltd., Husk Power System Pvt. Ltd., Indowind Energy Ltd., and NEPC India Ltd.

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