Indian techies see gold in carbon trade
3 Oct 2007, 0001 hrs IST,Nitin Sethi,TNN
NEW DELHI: The rest of India might be fearing the impacts of climate change but Indian techies are fast realising the business opportunity it has brought to their doorstep.

Cashing on the carbon credit trade, many of them have begun business ventures to write up projects and take consultancies to help Indian and international businesses turn green.

It's a gold rush at the moment — India has the highest number of carbon credit projects in the world. Not surprisingly, the business is also attracting its fair share of not-so-clean operators.
With investments pouring in (more than Rs 40,000 crore is already locked into the Indian industry going green under the global carbon credit scheme), industrial towns like Bilaspur and Indore, along with the four metros, are witnessing a mushrooming of experts and consultants.

"Till three years ago, I was a regular MBA techie helping companies set up supply chains. Then I took the risk of entering this new area," says Ashutosh Pandey of Emergent Ventures Ltd, one of the foremost carbon trading firms in India today.

Having done more than 100 projects in the country, it's now venturing into South Asia and Southeast Asian markets.