Environmental Engineering Reference
In-Depth Information
Chapter 27
Government Policies and Private
Investments Make for a Bright
Cleantech Future in India
Gavin Duke
Aloe Private Equity, UK
Nidhi Tandon
Networked Intelligence for Development, Canada
ABSTRACT
Written from the perspective of private equity investment, this chapter highlights the factors needed to
support clean technology development, and in particular, the importance of an enabling policy environ-
ment. Drawing from the experience of a private equity fund that seeks out environmental companies and
develops them into viable international enterprises, this chapter showcases examples in India whose
bottom lines include social and environmental benefits for all. Cleantech has a new resonance among
law makers. International urgency on climate change issues and carbon emission reduction are converg-
ing with national government policies that seek to support clean energy, green jobs, as well as lessen
industrial pollution and promote waste treatment, recycling and cleaner production. This is good news
for all, including discerning green investors.
INTRODUCTION
India's Nano isn't just a car, but also a symbol
of a wave of technological innovation sweeping
the country, which is helping revitalize India's
business sector even as it struggles to navigate
the rocky waters of a global downturn. And at
the crest of that wave is Environmental and
Sustainable technology.
1
The cleantech
2
sector is only at embryonic stage,
but its growth, expansion and deployment could be
as dramatic, universal and as radical as the Internet
revolution. Its spinal cord has grown around the
clean and renewable energy sector but this is only
one aspect of the entire gamut of processes and
