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Monday, March 15, 2010

European company's big plans for India

Siemens is all set to invest Rs 500 Crore on wind turbine manufacturing in India. The aim of the company is to get the turbines manufactured at competetive rates in India. Anybody heard of the location of the plant ?
Spanish firm Gamesa has started new turbine manufacturing facility in Chennai ( near Red Hills). G58 model of 850 KW will be manufactured here.Plant capacity is 200 MW per year and will employ 100 odd staff. Gamesa already has order books for 50 MW supply in and around India. A welcome step , since Gamesa-China already exists with capacity of 1000 MW/year.

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