Hotline: 1800 102 2007
Search Business Opportunities
Opportunity 2015-12-03

Own a sunny and bright franchise business

With big solar projects on the cards in India, global and Indian solar energy firms see huge opportunities in the country. This has also led to the growth of franchise sector as more and more brands have started franchising here. Take a look at the bright

By Sandeep Rana, TFW Bureau Senior Copy Editor

Factors like depleting resources and increasing power shortages are leading to the growth of greener method of solar energy. Prices are going down, thus demand is increasing. And since, Indian solar manufacturing companies are self-reliant and Chinese ones are losing faith among people for lack of quality, there is a lot in the kitty.

Solar market in India, which is expected to create a lot of job opportunities and avenues for investors, could be worth billions of dollars over the next decade. The total solar industry is estimated at about Rs 400 crore and is expected to touch 18.7 million by 2022. The solar industry is expected to grow at least 20 times within two-three years. “Though, the market is still fragmented and much needs to be done to give life to the industry, which is soon going to be the next big thing. Presently, it’s more of a business to business concept as the material directly goes to the client from the manufacturer and there is less scope for dealer, distributors or franchisees. However, things are changing and in the coming time, more investor, government and industry participation is expected to be seen,” comments Jitendra Narain, Founder, CEO, MF Energy Solutions Pvt Ltd.

Investment for franchise: Starts from about Rs 2 lakh and go up to Rs 50 lakh or in crores.

Solar franchise brands: Madhuri Solar, Solar Basket, MF Energy and King Sun

Hot cities for business: Tier-II and III cities

Ambitious goal

Policy makers have set an ambitious target in regard with solar energy, which is going to give a push to the market. Solar power in India is hoped to see a massive scale-up of 100,000 MW as Indian Prime Minister Narendra Modi has set a deadline to achieve this goal by 2019.

Thus, the plan of adding 100,000 MW of solar power will entail investment of around $110 billion, including transmission capacity, and draw solar brands to the Indian market. Of the $15-20 billion that India will require annually, about $6 billion is likely to come from foreign investors. And this is likely to create a lot of opportunities for entrepreneurs as dealers, distributors and franchisees are going to get benefit.    

What this sector needs?

The solar sector needs a lot of attention from the government. “The industry needs better installation and services to give life to dealers, distributors and franchise network. The Indian players also need government-sponsored loans and manufacturing incentives to turn the tide,” feels Jitendra Narain.

Probable franchisees check this out

There are number of brands like Madhuri Solar, Solar Basket, MF Energy and King Sun, which are offering franchise opportunities for probable franchisees. A person can open a franchise solar energy outlet with an investment which may start from as low as Rs 2 lakh and go up to Rs 50 lakh and in crores. Since, tier-II and III cities are hot markets for the sector, so there ought to be a lot of options for those who want to run a solar business.

Related opportunities
  • Pizzeria
    Start your own pizza joint by becoming a Go69 Franchisee:..
    Locations looking for expansion Uttar Pardesh
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size Rs. 2lac - 5lac
    Space required 400 - 800 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Lucknow Uttar Pardesh
  • Bars, Pubs & Lounge
    About Rockville:- started nearly five years ago in the bustling Mumbai..
    Locations looking for expansion Maharashtra
    Establishment year 2012
    Franchising Launch Date 2016
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 800 - 2800 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Precious Jewellery
    About: Silver Jewellery, 92.5 Sterling Silver ( Rings, studs, Bracelet,watches, Necklace..
    Locations looking for expansion Karnataka
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 10000 - 50 K
    Space required 0
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Beauty Salons
    About Gia Naturals :-Gia Naturals team of experienced professionals offers..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2016
    Investment size Rs. 20lac - 30lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
Insta-Subscribe to
The Franchising World
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories