Assessing the sustainability of natural resources using the five forces and value chain combined models: The influence of solar energy development

Abstract

Utilizing natural resources may assists India in overcoming its prevailing energy crises. However, the instability of natural resources hinders its capacity to overcome these crises. To overcome this research gap, this study uses "Porter's Five Forces Model” to investigate the sustainability of natural resources. We use a hybrid approach for data compilation and empirical investigation. First, we introduce a new value chain model of Indian solar industry. Second, we conduct semi-structured interviews with industry experts on various sustainability and natural resources management-related issues. Third, we critically evaluate official statistics, national policy structure, and regulatory studies using the Five Forces Model. Research findings indicate India's present condition of natural resources, existing barriers, competitive landscape, and future projections. Results further disclose that the Indian government has announced various proposals to promote natural resources but few have been implemented. The government policies that require modification include the solar Bidding Scheme, National Tariff Policy, and Generation Based Incentive (GBI). Based on research findings, policy recommendations are suggested for improving the sustainability of natural resources, including the role of the government, innovative workers, regional and international collaboration, awareness programs, and the transition to domestic manufacturing through integrated and coherent efforts.