Nuetech Solar plans expansion via franchise route

Nuetech Solar, a solar water heater manufacturer plans India expansion via franchise route. The company has hired the expertise of Franchise India to realise its expansion plans.

Incorporated in 1992, Nuetech is a BIS certified company maintaining ISO 9001-2000 standards and have been awarded the Rashtriya Rattan Award for 2002. The company’s solar collectors are ISI approved and have marking license from BIS and tested and certified by Solar Energy Testing Centre, Madurai, Kamaraj University, MNES and IREDA.

The Company boasts of a strong dealer network of over 150 spread primarily in south and west India. A franchisees need to invest Rs four to seven lakh for 300 - 500 sq. ft area for building a strong franchise network.

Commenting upon this association, Sonya Chowdhry, Director Planning & Strategy, Franchise India Brands Ltd, said, “Green energy is the buzzword in the present day world dominated by the thoughts of global warming and environmental pollution. Total solar energy industry is estimated to be around INR 400 crore and likely to touch 18.7 million by 2022. Franchisees will not only benefit being associated with such acclaimed brand but also get knowledge and industry understanding from the top most players in such competitive market.”