India’s cleantech start-ups
We all know that China is the world leader in relatively low-tech solar panels. Now a clutch of tiny Indian start-ups are proving that global warming’s business opportunities will not be the exclusive preserve of the developed nations.
EnNatura of Dehli has developed washable,bio-degradable printing ink from vegetable oil.The offset printing industry in India alone consumes one million tonnes of petroleum products and emits 500,000 tonnes of volatile organic compounds every year.
“I can see a company like this growing into a billion dollar global business,” says Vivek Wadhwa of Duke University, who studies entrepreneurs.
Solar-based LED lighting start-up Pegasus Semiconductor of Rajasthan makes off-grid home and street lighting systems using LED lights and solar for the power. It has done about 1,200 installations in Rajasthan and about 35 with companies and government and is expecting to reach revenues of $250,000 by the end of fiscal 2009.
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