Gujarat has been the biggest promoter of Solar Energy in India amongst all the other states.The State has already implemented a clear and forward looking Renewable Energy Policy with emphasis on Solar Energy.It has signed PPAs with a number of solar project developers under its State Solar Subsidy Scheme.While other states are looking mainly towards the federal subsidy scheme JNNSM to push Solar Energy Generation,Gujarat is looking to push Solar Energy on its own.Gujarat now has reportedly acquired 3000 acres at Charnaka village in Patan District which it will give to solar project developers to install solar panels.

Karnataka,the southern state of India is known for fostering the growth of the IT industry in India.Bangalore which is the capital of the state is known around the world for being the Technology Capital of India.The state is home to India’s biggest and most famous companies like Wipro,Infosys and numerous other IT MNCs.However the state which was known for its Technology prowess is fast becoming the Land Scam Capital.Karnataka has seen numerous land scams as the states politicians took advantage of the appreciating real estate price in Bangalore and surrounding areas.With the sharp increase in purchasing power amongst Bangalore’s citizens,the real estate prices shot up in a crazy manner.Real Estate in India is the worst sector in India in terms of Corruption and Real Estate Companies are known to be totally sleazy and corrupt.In fact most of the recent scams in India has one or more Realty Companies as the main prognosticator.

Now the Agricultural Minister of India has come out brazenly batting for his favored corporate interests.It is openly known that Sharad Pawar is closely associated with the Lavasa City Project being built by HCC near Pune.The Company has criticized the Environment Minister for questioning the environment clearance.The Minister on the other hand wants to know why he was not consulted.Don’t know how Agriculture expertise will help in deciding the environment clearance of a Realty Project.But in case of India’s Business Elite anything goes it seems.Note the Agricultural Minister is said to be close business ally and played a prominent role in the recent cricketing scam as well.However as usual nothing came out of it as the politician-business unholy alliance brazenly runs the Indian government.

India’s Stock Market Regulator has been hardly proactive in cracking down on stock market manipulation except for some inefficient scolding.It has banned some companies and a stock market operator for artificially rigging up stock prices through a nefarious scheme so that the stock could placed through QIBs at higher prices.Recently GMO,Goldman,Morgan and Fidilety got conned by a fly by night Indian financier who managed to place $100 million of his company’s shares a hugely inflated price.A cursory due diligence by these high flying financial institutions would have shown his business model to a sham.Realty Investing in India is always a dangerous game with real estate firms involved in all sorts of corruption scandals.Akruti City whose shares had seen a massive rise some months ago has been implicated by SEBI for rigging up its share price with the help of a “stock market operator” Dangi.Some other firms like Murli Industries,Welspun Corp have been found to be part of this corruption game as well.Broking Firms like Ashika and Anand Rathi were broking for the Operator.Note SEBI has not done much except banning these firms.I would have though that these white collar crimes should be punished more stringently.Banning some entities without any jail time will lead to more and more of these stock rigging in the future.

Organized Real Estate Industry in India is only a couple of decades old .Real Estate Industry in India took off with the global boom in the Realty Sector which percolated down to India as well.Lack of clear land titles and litigation has made this industry one of the most opaque and corrupt ones.Due to the massive price appreciation and huge valuations,Land Scams have become quite common with Chief Ministers,Generals,Top Bureaucrats all involved in the murky environment of Real Estate in India.The most recent scam related to bribing of top public banks officials in the LIC Housing Finance Scandal has again put question mark on the fundamentals of the industry.Valuing the industry and making a real estate investment remains one of the most difficult investing tasks in the Indian Stock Market.Even Fund Managers are staying away from the Sector due to lack of trust in the Financial Statement given by the industry.That said modern India presents a booming picture of tall buildings and huge office areas & shopping malls. A list of the chief players in Indian market is given below:

The Delhi Mumbai Industrial Corridor (DMIC) which is being jointly developed by India and Japan will also see the development of 24 Green Cities.The ambitious infrastructure project being built with $50-90 Billion will see a freight/railway/road transport corridor between India’s 2 most important cities of Delhi and Mumbai.The resulting development along this transport corridor which will be passing through 6 states will make use of Green Technologies.Japanese Conglomerates like Hitachi,Toshiba,Mitsubishi will be involved in the building of this massive projects and will use their advanced energy efficient technologies to develop these Green Cities.