Why should the solar industry care about the #StartupIndia Action Plan launched by Modi on 16th Jan 2016?
- The young roof-top solar industry in India is itself like a startup, figuring out its targets, sources of funding and accepted revenue models.
- Given our national targets of 100 GW by 2020, the solar industry is expected to grow at over 30% each year– a race that can only be expected from a startup.
- Over 15,000 companies are servicing various parts of the solar value chain, most of which are founded by new entrepreneurs. In fact as you read this, more individuals are looking to enter solar.
Given all these factors it is highly likely that the solar industry in India will be considerably impacted by the #Startup India Action Plan. Will the impact be positive of negative? Let’s find out.