GV Sanjay Reddy

When it comes to building our future infrastructure, steel will undoubtedly be the most crucial resource. Steel manufacturing is still an energy-intensive process, with the great majority of energy coming from fossil fuels, notwithstanding some movement from coal to coking coal. It is responsible for about 7-9 per cent of all direct emissions from fossil fuels worldwide, with coal burning accounting for the majority of these.   G V Sanjay Reddy   believes that there is a future where renewables will be the dominant form of energy. In support of this, he shares insights on how to catalyse our growth towards green steel and reduce coal from the equation. Notably, renewable energy capacity is expected to grow by 50 per cent between 2019 and 2024, according to the International Energy Agency. This growth of 1,200 GW is similar to the United States' present overall power capacity. Solar is estimated to account for approximately 60 per cent of the expected growth, with onshore wind ...

  GHG emissions are emitted by airports that use ground fuel for cars and ground support equipment (GSE), fossil fuel for electricity and heating, jet fuel for auxiliary power units (APUs) that provide energy to planes at airport gates, and other sources. Around 2.1 per cent of all human-induced carbon dioxide emissions come from the aviation industry and it is responsible for 12 per cent of CO2 emissions from all modes of transportation. The impact of carbon emissions on our world has become a source of concern in the last decade. Airlines, airports, and other stakeholders must work together to reduce it. The Airports Council International has developed a carbon neutrality accreditation programme for airports that will help them cut carbon emissions. On a similar line, India's Aviation Minister, Jyotiraditya Scindia, has indicated that we will do a carbon mapping of all the airport assets as part of a larger effort to make the aviation sector carbon-neutral. To deal with the probl...

  With Finance Minister Nirmala Sitharaman stating the government’s desire to establish a policy for battery swapping and outline interoperability standards, electric vehicle adoption, particularly in the public transportation segment, is projected to increase. G V Sanjay Reddy illustrates how EV battery as a service will evolve through innovative ideas.   “The electric vehicle industry has seen great growth in the previous year, and the government has recognised that EVs are the way forward in the mobility sector. As a result, the announcement of the Hon’ble Finance Minister to begin the battery swapping and standardisation process is laudable. This step will pave the way for the country’s electric vehicle and energy sectors to expand and prosper,” expresses G V Sanjay Reddy.  This Budget is focused on overall growth, with a strong focus on digitisation, electrification, infrastructure development, and ease of doing business, with the goal of propelling the Indian e...

  There were many firsts in India’s unicorn story in the last year as the ecosystem saw several new entries. India is now ranked as the third country hosting unicorns. The country has overtaken the United Kingdom by adding 33 unicorns by 2021, including Innovaccer, the first unicorn in the health-tech sector, Meesho, and Pharm-Easy, the first unicorn in the E-pharmacy arena. Not despite, but because of the pandemic, these companies have grown exponentially. G V Sanjay Reddy shares his thoughts on what’s driving India’s unicorn boom. In the venture capital industry, the term unicorn describes start-ups valued at one billion dollars or more. India is now home to 119 unicorns all over the world. More than 54 unicorns were formed in the country, and 65 unicorns were founded by Indians abroad, predominantly in Silicon Valley. India’s Bengaluru ranks first amongst all Indian cities in terms of unicorn counts followed by Mumbai, Pune, Thane and Gurugram. Taking into consideration that pos...

   India’s radical shift in its economic segment has been driven by the startup ecosystem. Whenever a business is launched, one of the major aspects that it needs to thrive is funding. GV Sanjay Reddy, Vice Chairman, GVK, explains India’s position as the third-largest startup ecosystem and the role of angel investors in promoting the activity. “India eventually started walking this route in the last decade. The spark was ignited by the youth, which has maintained the capability to challenge the status quo. And fortunately, the investor community has also stood in full support, leading to the position the nation is in today,” explains  GV Sanjay Reddy .  India’s investor community which includes Venture Capitalists (VCs), family offices and other funding networks, has functioned as its core helping hand. However, there’s another vital sub-category of investors who are recurrent figures in the fundraising processes – angel investors. This category of capitalists are cr...

  As the world grapples with climate change and energy crisis, the solar industry has risen to meet the need of the hour with clean energy. Over the last decade, a significant growth in the use of solar power, in both industrial and domestic set ups, has been observed. This has also given the necessary push to develop better resources and to make them readily available. “The need for clean and renewable energy is higher than ever before, and with the latest developments in the sector of solar energy, we see a new ray of hope,” says the Vice Chairman of GVK,  GV Sanjay Reddy . Recent research and development in the field have successfully managed to create improved technology that comes at a substantially reduced price. GV Sanjay Reddy, the Vice Chairman of GVK  notes, “The cost of solar power is now at least 20 to 50 per cent cheaper than in the last few years, which has resulted in about 43 per cent increase in its production.” He adds, Scientists have been working tirel...