BRIDGE TO INDIA has just released results from its first ever survey of the most influential private sector decision makers in the industry as part of the Indian Solar Handbook 2016 report (download your free copy here). Most of the 27 participating CEOs said that they expect their businesses to grow by an average of 3-5x by 2020 with 37% of them believing that their business will grow by more than 10x by 2020. This optimism is based on the expectation that the market will also grow at an impressive compounded annual growth rate (CAGR) of 45% per annum until 2022.
- The industry is most concerned about transmission connectivity/ grid failure, debt financing and INR depreciation risk
- The industry has also rated central government’s policies for the sector as ‘Good/ Very Good’
- Most CEOs are positive about the prospects of domestic manufacturing