FUTURE

Sky is the Springboard…Not the Limit

Nuetech is one of the best-known brands in the Indian market today and the factors that have steadily elevated the company to this level, have thrown open a panorama of breathtaking business vistas on its horizon now.

Wider outreach in local market

Although solar radiation is available in viable quantities round the year in most of tropical India, a miniscule portion of the market has so far been explored by the solar thermal industry. To help unlock this local potential, several Indian states have announced attractive incentives to the buyers, and a couple of them have mandated solar heating installations for varieties of built environments, Also, a national commission on solar energy is now on the anvil and this is going to open up new avenues, particularly in the rural market, for public-private partnership endeavours. To add to the momentum, there is now growing awareness across the user spectrum about the unparalleled advantages of solar energy. Thus, in the local market alone, Nuetech envisages several new trails to blaze.

Bigger strides in ETC market

Nuetech brought the blockbuster ETC (Evacuated Tube Collector) technology into India after overcoming many local challenges and venturing to import vacuum tubes from abroad. As a result, it is on the vanguard of India’s ETC movement today, with the largest installation base, and it has raised the bar in the industry by producing and commissioning some of the best and biggest ETC systems in the country. The success of this venture has, in fact, encouraged the government to extend its gesture of subsidies to the ETC solar energy sector. ETC will be a key driver of the company’s future.

Larger share of high-end market

Nuetech is growing stronger in custom-building large-capacity systems. With increasing encouragement from the government and propelled by the bright prospects of BOOT, it is now strategically repositioning itself in the institutional and commercial markets. In the meantime, it is also pondering consolidation of its hold on the OE market.

Overseas expansion

Nuetech has already received offers from foreign manufacturers for joint-ventures and is preparing for export certification to different countries. With the world increasingly going solar vis-à-vis fast-depleting and environmentally & economically expensive fossil fuels (coal, crude oil & natural gas), and with rising global warming concerns, the company’s export market is just waiting to explode.

Forays into emerging fields

India being predominantly agricultural, Nuetech visualizes enormous opportunities to tap the market for solar heated air dryers in the country. Over time, it will develop competencies in solar concentrator, solar air-conditioning and photovoltaic fields, as well.

BOOT and CDM ventures

The twin engines of BOOT and CDM carry the potential to shift the very paradigm of Nuetech’s business.

Enhancement of infrastructure and investment

With a view to realizing all the above prospects, Nuetech is going to scale up its manufacturing equipment and processes, expand its dealer networks, build an independent R & D lab and upgrade its versatile personnel strengths by inviting venture capital or going public for the required funds. It has already been rated “highly viable” on a CII forum for venture capital investments.

It’s the future of your children. It’s the future of your planet. It’s solar