Government Push to Spur Growth in Indian Solar Market

Delhi, India (PressExposure) June 12, 2009 -- According to our new research report titled, "Indian Solar Energy Market Outlook 2012", the Indian solar industry is expected to see robust growth in coming years on the back of huge investment by the government and private sector. India's share in the world solar PV cell production is anticipated to grow in the next few years from about 1% in 2007.

The government has recently finalized a draft for the National Solar Energy Mission. According to the draft, the government is likely to fund between Rs. 85,000 Crore and 105,000 Crore for the development of solar energy in coming 30 years. It is also aiming to install solar generation capacity of 20,000 MW by 2020, of 100,000 MW by 2030 and of 200,000 MW by 2050 to make India the global leader in solar energy. This large amount of investment will definitely give strong impetus to the development of solar industry in the country.

Our research report also says that the government is providing subsidies for the development of solar energy and many well-known companies are increasingly investing in this sector. PV Technologies India (a subsidiary of Moser Baer), Titan Energy Systems, Reliance Industries Ltd, Tata BP Solar Power are among the 12 Solar PV companies which will investment Rs 76,500 Crore in the next 10 years.

"Indian Solar Energy Market Outlook 2012" provides an in-depth analysis of present and future prospects of solar power industry in India. It gives information about the energy scenario (particularly renewable energy) and studies major segments photovoltaic and thermal power. The report covers various segments of the solar photovoltaic and thermal power to facilitate clients in evaluating the opportunities for their success in India.

The research also features forecast for vital segments of the industry, including forecast for Indian solar market, various energy indicators, solar street lighting system, solar home lighting system, solar lantern, solar photovoltaic pumps, solar water heating system and solar cookers.

For FREE SAMPLE of this report visit: []


About RNCOS E-Services Pvt. Ltd.

RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.

Press Release Source:

Press Release Submitted On: June 12, 2009 at 6:27 am
This article has been viewed 14268 time(s).