In the last few years, at least 26 of these expert firms, called energy service companies (ESCO), have sprung up in India. G.C. Datta Roy of one ESCO, DSCL Energy Services, expects the Indian ESCO market to multiply 10-fold this year from Rs.86.4 crore ($17.7 million) in 2007.
“India’s energy demand is expected to more than double by 2030. There is a dramatic need for domestic and international energy efficiency technology providers and equipment manufacturers to develop innovative ways to conserve energy,” said Robin Murphy, WRI vice president of external relations.
So, that’s one business opportunity for all those Indian wannabe entrepreneurs.