Solar-powered electronic products will soon be available at retail stores. Bangalore-based Anu Solar pvt ltd, a leading manufacturer and seller of solar products, has announced opening 2,000 stores across the country on franchisee basis.
These stores will sell varied products ranging from solar water heaters to solar powered calculators, caps with fans that run on solar power, solar power storing batteries and inverters. “These will be called ‘one-stop experience stores’ as the store and all the office equipments will also run on solar power, in order to show the public, the use and benefits of solar power,” TJ Joseph, Managing Director, Anu Solar said.
The government wants to promote the use of solar energy but there are no private retailers for solar products in the market currently. The Ministry of New and Renewable Energy promotes private entrepreneurs to open ‘Akshay Urja shops’ to market solar products. However, only 300 shops have been established across the country since 2002 and many of them are not functioning.
“We want the public to experience the power of solar and also raise awareness for the same,” said Joseph. He said a client has plans to open 40 retail stores in Delhi. The company plans to make at least 20 stores operational by the end of the year, including one each in Bangalore and Madurai by September.
With an investment of around Rs 25 lakh per store, the turnover expected is Rs 6 crore per year per store. By the end of the current financial year, the company hopes to open 50 stores. These stores will sell a variety of products at MNRE subsidised rates.