Cleantech venture investment has hit an all-time high. It has already surpassed last year’s total of $6.0 billion and stands at $6.6 billion, according to the just released figures from the Cleantech Group, which is a global network of investors and companies representing more than $3 trillion in assets. Venture capitalist Vinod Khosla chairs its India advisory board. The group sees a lot more potential in India. And with reason. Cleantech investment more than doubled to $290 million in 2007 over the previous year. There has been continued growth through 2008.
It’s a little wonder that the group is organising its inaugural Cleantech Forum in Mumbai on October 7. The theme of the three-day event is ‘From IT Outsourcing to Cleantech Resourcing’. The event is expected to act as a platform for networking and deal flow to spur the growth of clean technology in the country.
Says Khosla, “India has the potential to become an innovation hub for clean technology if there is sufficient focus on it. India can replicate its software success in clean technology. There is no doubt about it. Cleantech industry can be even bigger than IT.”
Clean technology isn’t just about renewables, but includes water
filtration, sustainable agriculture and waste management solutions.
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