By 2020, industry experts say that renewable energy will be a nearly US$ 10 billion business in India. The size of the energy efficiency market is said to be many times that number.
At a recent conference, Ajay Mathur, director-general of the Bureau of Energy Efficiency, said India's energy efficiency market was worth about US$ 15 billion.
These numbers suggest India will be a major player in green businesses, and Indian companies will have to lead the eco-brigade. The Bureau of Energy Efficiency says to deliver a sustained economic growth rate of 8 per cent to 9 per cent in the next 20 years and to meet lifetime energy needs of all citizens, India needs to treble, even quadruple, its primary energy supply and increase its power generation capacity by six times.
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