INDIA Sufia vFinal DR 17/6/08 09:10 Page 19
Semiconductor India
Solar activity on Indian
landscape
The solar energy market in India is not only very lucrative but also
developing very fast. Sufia Tippu, a Bangalore based freelance journalist
and a media strategy consultant expands on the current Indian solar
developments.
BOB KONDAMOORI LOVES TO SHOP. Reliance Industries, India’s largest corporate Business Centre with support from the
Founder and chairman of Sandalwood house and MoserBaer PV Technologies, one USAID looking for interesting start ups
Partners, a venture capital firm, he travels to of the world’s biggest optical storage device in clean tech which includes solar energy
EU, Japan and China seeking new company are investing $3 billion each to and non profit organisations (NGOs)
technologies to invest in and to bring back create huge manufacturing facilities for such as Maharishi Institute in the southern
to his Indian investments. Solar tech is the polysilicon and cells and modules while state of Andhra Pradesh which has set up a
favourite item in his shopping cart. Tata BP Solar, a Tata Power and BP Solar small facility to make polysilicon wafers
joint venture and India’s largest PV and cells in a small way.
From his family owned business of telecom manufacturing company, recently raised $78
equipment and power/optical cables, million for expansion. When you put all these together you get a
Narendar Surana, 46, has ventured into the prismatic image of what’s taking place in
photovoltaic (PV) market in India. A smart Somewhere in between these assorted the Indian photovoltaic industry. Last
operator, he is not taking any chances; his companies lie organisations like New December, hardly three months after the
company, Surana Ventures has invested $75 Ventures India, a global development Indian government announced the
million to set up both polysilicon and thin alliance formed between the World semiconductor policy, it had received three
film plants in Hyderabad. Resources Institute & CII-Godrej Green proposals, all from home grown companies
Summer 2008 | www.semiconductor-india.com 19
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