Renewable Energy in India: Policies, Trends and Foreign Direct Investments in Research and Development

Chapter
Part of the India Studies in Business and Economics book series (ISBE)

Abstract

Adopting Renewable Energy (RE) has become a necessity for achieving different development goals, for a fast growing economy and a demographically young country like India. At the same time intense Research and Development (R&D) and business activity in the domestic RE sector has become necessary to ensure the spread, affordability and efficacy of RE according to local needs. In a rapidly connecting and increasingly inter-dependent world, collaborative activities on an international level are important to finance growth, gain technical knowledge and promote cost effective manufacturing in a relatively new sector such as RE. Studying different types of collaborations e.g. manufacturing and R&D etc. while keeping focus on the future of RE in India is therefore important to understand business opportunities. At the same time capturing a larger picture of the situation in RE sector while focusing on the influence of different aspects on foreign collaboration e.g. policy influence on investment or on collaborative R&D is certainly needed to understand the challenges.

Keywords

Frugal innovation India Renewable energy Collaborative R&D Local needs 

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Copyright information

© Springer International Publishing Switzerland 2017

Authors and Affiliations

  1. 1.Hamburg University of TechnologyHamburgGermany

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