Green startups use Expo to find fertile prospects in the UAE.
- ByStartupStory | November 9, 2021
The Mumbai- based startup Aelius Turbina’s focuses on the use of all possible renewable energy solutions. Aelius, which imports solar panels and devices, suddenly found itself at a relative loss when COVID-19 brought global trade to a halt last year. Ankit Modi, the founder said, “We thought it might affect us, but we had really good support from Indian manufacturers”.
For Aelius, India has been the land for them to achieve its renewable energy target of 450 Gigawatt by the year 2030. “The scenario has completely changed with huge government support, especially with the affordable housing projects – they are providing subsidies to all the people who are going for green energy,” said Japan Shah, the company’s CFO. The ‘Housing for all by 2022’ programme calls for the construction of 20 million urban and rural homes for an estimated cost of $31 billion and the organisation believes to leave a green footprint all across the globe.
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