Biofuel energy…
Biofuel energy is renewable energy generated from natural, biological sources. This type of energy is obtained from plants, animals and their products. With the development of modern technologies, landfills and landfills have become sources of this type of energy. These are sustainable sources that provide energy types such as thermal energy, gas and fuel. Biofuel energy use can meet the electricity demand depending on the agricultural sector. Also, utilization of plant and animal wastes generated on agricultural land is helpful.
India is one of the largest generators of bio-waste from agriculture, horticulture, industry, forestry and urban areas. According to a report by the Ministry of Renewable Energy, 32% of India’s total energy consumption is made up of energy produced from bio-waste and 70% of the population is dependent on biofuel energy in some way.
However, biofuel energy resources remain largely untapped. The government is making several efforts to fill this gap. Focus is on biofuel sources to reduce dependence on crude oil. This can fix everything like rise in price of crude oil, pollution caused by vehicles using crude oil energy. Also, this will provide good income opportunities to the farmers and create new employment opportunities. Importantly it will also lead India to achieve complete green energy target.
Stocks to watch out for in this segment include Braj Industries, Inox Wind.
Braj Industries: The company is a successful leading provider of biofuel energy technology and engineering solutions globally. The company is a leading provider of sustainable solutions for biofuel energy, high-quality clean water, industrial road wastewater treatment, breweries, and accessories. Headquartered in Pune, the company has expanded its business across the globe.
Inox Wind: It is a leading integrated company in wind power generation. It has a production center for wind turbine blades and tubular towers near Ahmedabad. Himachal Pradesh has a hub and nacelle manufacturing facility at Una.
Inox Wind ensures to provide high quality, state-of-the-art technology, reliable products and at the same time, at lower prices than competitors. The company generates 6% of its electricity through wind turbine products for India’s low wind speed areas. This is 18% more than competitors’ products.
Digital Sector…
Out of the three sectors that Mukesh Ambani is targeting, digital is the most important sector. India is the fastest growing and largest market in digital. India ranks fourth globally in spending on digital technologies after the US, Europe and China. There are 50 crore internet users in India. Digital technology facilities are constantly improving. We have started using digital facilities for communication, exchange, automation and intelligence from all walks of life like companies and individuals.
Being the largest market with high digital consumption, India is correspondingly implementing changes faster than leading developed countries.
India’s digital economy is projected to reach $80 billion by 2030. At the same time, the relative prevalence of digital use remains with large disparities across Indian regions. For example, only 40 percent of the total population uses the Internet. Low-income, non-urban areas have yet to develop adequate Internet service infrastructure. As a result, we can see a huge gap in all sectors such as medical, financial services and retail in those areas.
The central government is taking several measures to balance this. Hence, the prospects for growth in this segment are bright. Artificial intelligence, robotics, and Internet of Things (IoT)-based services that will create the digital revolution should take initiatives to make progress. It is against this backdrop that the Nifty Digital Index has grown by 54% in the last one year.
Companies that excel in this sector will reap the benefits of growth opportunities in the coming years. In that respect, Infosys, TCS, HCL, Wipro, Zomato, Policy Bazaar, Bharti Airtel, Emphasis, Honeywell Automation, LTI, Paytm are the key stocks to watch out for. Namely, the stocks have been selected as best performing companies in financial services, automation solutions, food delivery and cloud kitchen services, digital communication, OTT.
Opportunities await individuals to grow by participating in India’s growth journey. Investors get ready for a once-in-a-lifetime surprise!”