It is not everyday that a young consultant at McKinsey & Co, one of the world’s largest management consultancy firms, trades in a job at the firm’s Seattle office for the rough and tumble of business in rural India.
India is emerging as a laboratory for innovations in the alternative energy space with entrepreneurs and investors looking to build innovative solutions to address a power-starved economy. This is happening at a time when globally investments in clean tech are losing their luster.
“Water and energy are clearly the two sectors of the future,” says Vineet Rai, founder and chief executive office of Aavishkaar Venture Management Services, which will raise a $100-million fund this year to invest in social enterprises.
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