Entrepreneurs' International plans solar tech park

Pune based Entrepreneurs' International, a trust established by city entrepreneurs plans to set up a Solar Research And Technology Park( SRTP) in India in cooperation with Solar Valley in Germany.

A memorandum of understanding between Entrepreneurs' International and Solar has been signed on Wednesday.

The proposed SRTP is likely to come up in Chennai for which  Entrepreneurs' International has already received  100 acres land near Chennai for this project.

Also, Entrepreneurship International plans to create 10,000 micro enterprises in the next five years.

The Entrepreneurs' International (EI) is a trust registered with the Union government for budding entrepreneurs in the country. The initial cost of this project is Rs 25 crore. Chairman, Entrepreneurship International, Santosh Lalwani visited Solar Valley in Germany in November 2012. He convinced Solar Valley to set up a project in India. "We aim to provide cost effective products to consumers. We also aim to generate employment by training people in related skills. It is high time we start using solar power which is effectively used in Germany. They have solar panels on every roof which India should follow ," said Lalwani.

Entrepreneurs' International has formed a National Core Committee for SRTP Project. Solar Valley is  cluster of 35 solar companies, nine research institutes and five universities from the three German states of  Thuringia, Saxony and Saxony Anhalt contributing to overall solar value creation from silicon refining to building integration and from basic research to innovative applications.