Representing a challenge for Indian industry as global warming threats rises, three Indian firms have figured in Global Cleantech 100 – the first ever list highlighting the most promising private firms around the world offering solutions to some of the planet’s most pressing environmental challenges.
Significantly, an overwhelming percentage – over 90 per cent – of the companies are based in the developed world, with 56 of them based in North American (55 US and one Canadian) and 36 in Europe, out of which the maximum number of 13 were from the UK closely followed by Germany with 10. The rest are from Sweden, France, Denmark, Italy and Norway. Asia get just eight winners, and that too from only two countries — Israel with five and India.
These 100 firms were shortlisted from over 3,500 contenders, based on the criteria of showing the most commercial promise, the most potential and the highest likelihood of achieving high growth and high market impact. The companies had to be unlisted, private and independent.
* Deeya Energy, which develops and manufactures electrical energy storage systems
* Jalgaon (Maharashtra)-based Jain Irrigation Systems, which developed from a one-man initiative into a specialist in micro-irrigation and solar water-heating systems as well as in bio-pesticides and the agricultural use of plastics