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Friday, February 06, 2015 4:23:09 PM
Of all the large worldwide economies, India’s is the one that is making a lot of headlines among investors and companies looking to invest. While the world in general struggles and battles its way out of a recession, India has continued to thrive as an emerging economy, and the power of its 1 billion-plus population will soon come to bear on the entire world economy. Its current GDP growth is about 8 percent a year, or about seven times greater over the last several years than the United States.
India’s population is younger, dynamic and more tech savvy than other economies, and the sheer size of the population in connection with the technology makes India a very large energy-demander but not a large energy-supplier. To increase its domestic energy production, India has in recent years made a commitment to leveraging its resources to create electric power within India’s borders, and it has chosen to do so through alternative means like wind, solar, nuclear and hydro forms of electricity generation.
Pan Global, a U.S. based company emphasizing alternative energy production and technology, has staked its claim in India and is working with the India government on its renewable-energy initiative designed to help the country bring its supply of electric power up to meet the rapidly increasing demand.
India is making headlines in alternative energy by having the world’s largest solar farm, and the country is continuing its aggressive push with solar and wind-generated power. While there is a way to go, the large growth potential in India and for Pan Global Corp. is evident.
For more information, visit www.PanGlobalCorp.com/
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