Grant Thornton India has just released its latest International Business Report (IBR) focused on the cleantech sector. The report is based on a survey conducted on 458 businesses in the cleantech sector. The majority were from the manufacturing sector (38%), followed by business and professional services (13%), retail (12%), construction and real estate (9%), technology (9%), and other (19%).
The key highlights of the report are as follows:
- About 37% businesses in the cleantech sector around the globe expressed optimism about the economy for the next 12 months, as compared to 34% in 2010.
- Net 64% of businesses in the cleantech sector expected top-line growth, up from net 54% in 2010 and well above the all-sector net 53%.
- The most prominent subsectors within the cleantech industry are research and development (42% in 2011, up from 31% in 2010), information technology (29% in 2011, up from 22% in 2010), and energy-related consulting (24% in 2011).
- Waste (24%), followed by solar (23%) and biofuels (22%) are the top three renewable energy sources/technologieson which cleantech businesses are focusing on/ investing for growing their business.
You can download the report from our website or from the Grant Thornton site