Capturing opportunity: Cleantech business booms around the world by Grant Thornton

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