Question

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Provide an example of how political and regulatory trends resulted in a new business, product, or service opportunity.

Answer 1

Example of how political and regulatory trends resulted in a new business, product, or service opportunity is of India where there is shortage of electricity and most of power generation is from conventional mode of energy generation like thermal power, nuclear power etc so to solve the problem of electricity shortage, government has started promotion and development of solar energy mode of electricity generation, for which government is promoting set up of solar energy plants in private sectors and to promote this government is providing financial assistance and support in terms of technology to set up of small solar plants so that a small solar plant can fulfill the electricity requirement of local area. Apart from government is also providing the facility to purchase the electricity generated by solar plants. this trend is trending in India over a period of 4.5 year to promote the solar plants over thermal power plants.