Friday 16 May 2008

Wipro wants a piece of the renewables pie

The Mint reports today that Wipro plans to get into the renewable energy business. This is a promising signal and suggests that industrial giants are finally waking up to the reality of $100+/barrel oil and see profits from renewables. It's also a good sign for consumers of renewable energy devices (like solar water heaters and solar home systems). The entry of big players into the market should create competitive price pressure.

Today's Mint also has a nice feature on "Bangalore's Green Warriors."

3 comments:

Joseph George said...

Interesting that you consider WIPRO an industrial giant. Why would that be the case with its most recent reputation emerging from the services businesses of IT?

ranjan said...

read this article about wipro
http://www.workexp.com/2008/05/27/wipro-the-worst-place-to-work-in/

Vasanth Nagulakonda said...

Pl. visit Science & Technology in Future to learn about Wipro's 'Applying Thought' and reason for current job cuts globally.