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After creating the greatest IT brand in the history of Indian Corporate Narayana Murthy Chief Mentor of Infosys seems to have a liking for Green Fund. With Green technologies and Clean Technology being the buzzword for the new generation.Narayana Murthy is investing in US based firm Sideran Ventures for its clean technology opportunities. The fund is stated around 150$ Million dollars(around Rs745 Crores) and lists well known Indian scientist like Raghunath Anant Mashelkar and Rajendra K Pachauri as senior advisors reports Business Standard. Murthy seems to have taken a keen interest as a venture capitalist role seems to have even considered on After creating the greatest IT brand in the history of Indian Corporate Narayana Murthy Chief Mentor of Infosys seems to have a liking for Green Fund. With Green technologies and Clean Technology being the buzzword for the new generation.Narayana Murthy is investing in US based firm Sideran Ventures for its clean technology opportunities. The fund is stated around 150$ Million dollars(around Rs745 Crores) and lists well known Indian scientist like Raghunath Anant Mashelkar and Rajendra K Pachauri as senior advisors reports Business Standard. Murthy seems to have taken a keen interest as a venture capitalist role seems to have even considered on nano housing project along with Jerry Rao, who is a relative of Narayana Murthy. Siderian Venture will focus on early stage entrepreneurial opportunities in the united states, Europe and India. The fund is planning to invest in market driven solutions to environmental challenges to cater for better greener solutions in the market.

Written by Anand.G

The writer is founder of a cricket website crickick.com,IT-ITES Professional and startup enthusiast

Bigwigs are coming clean..albeit in a different way..with “Clean Technology” ..! Clean tech includes a plethora of energy efficient appliances/technology in renewable energy , IT , green transporatation and the likes. Clean tech’s sole purpose is to create electricity and fuels with a smaller environmental footprint. This gave rise to a new concept “Environmental Finance” by which new clean technology projects that have proven that they are “additional” or “beyond business as usual” can obtain financing through the generation of carbon credits.Carbon credits create a market for reducing greenhouse emissions by giving a monetary value to the cost of polluting the air. Emissions become an internal cost of doing business and are visible on the balance sheet of the company alongside raw materials and other liabilities or assets.

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