Bangalore is increasingly attracting foreign solar companies as well as Indian ones as it becomes a hub for renewable energy firms. Companies that gained a presence in the city last year included Enphase Energy, which opened a research and development centre; SolarEdge, which opened its India office; TUV Rheinland, which opened a €2.5m ($2.9m) facility for its Indian subsidiary; and Vaisala, which opened new headquarters for its 3TIER Indian subsidiary. Orb Energy: The government has also been trying to encourage more investment from domestic firms by offering tax breaks on their investments of up to 30% over five years.
Bangalore is increasingly attracting foreign solar companies as well as Indian ones as it becomes a hub for renewable energy firms. Companies that gained a presence in the city last year included Enphase Energy, which opened a research and development centre; SolarEdge, which opened its India office; TUV Rheinland, which opened a €2.5m ($2.9m) facility for its Indian subsidiary; and Vaisala, which opened new headquarters for its 3TIER Indian subsidiary. The government has also been trying to encourage more investment from domestic firms by offering tax breaks on their investments of up to 30% over five years.