SANY Group commits to Make in India, to invest Rs 20,000 cr in Renewable Energy

  • Industry News
  • Oct 17,15
SANY Group commits to Make in India, to invest Rs 20,000 cr in Renewable Energy

New Delhi, October 15, 2015: Sany Group, one of the largest global manufacturing companies of construction equipment, has announced the signing and handover of Green Energy Commitment to the Prime Minister of India towards development of 2000 MW of Renewable Energy Projects with investments of USD 3 Bn (Rs 20,000 crore) for the period 2016-20. Besides generating 4.8 TWh of green and clean power annually these projects will generate 1000 jobs and prevent carbon emissions of around 3.6 million tonnes per year.

Sany Group Chairman Mr Liang Wengen presented the Green Energy Commitment to the Prime Minister of India Shri Narendra Modi. Sany will establish efficient technologies for off-shore wind power generation. Sany Group will bring in its relevant expertise, operational excellence and global best practices for development of renewable energy in India.

Currently, the company employs about 30000 people globally and 269 people across India. Sany Group entered India market in 2002 and established a manufacturing plant in 2009 in Chakan, Pune. In India, the company operates in excavator, cranes, concrete machinery, port machinery, road and renewable energy businesses.

Commenting on the announcement, Mr Liang Wengen, Chairman of the Board, SANY Group, said, “This investment is a significant step in deepening Sany Group’s presence and commitment to India. Green Energy industry in India is growing and we see this as a huge opportunity to introduce our wind Energy business in the country. We have invested in a potential market like India, and are excited about the future growth & potential for future investment. We believe that the agreement signing with Indian new energy enterprise will boost the mutual cooperation to a new height.”

Mr Amitabh Kant, Secretary, Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce & Industry, Government of India, said, “We are keen on seeing China investing more in India, especially in the manufacturing sector and partnering with India to make India a world class manufacturing base for production. This initiative is yet another step towards the 'Make in India' drive launched by our Prime Minister and we welcome SANY and the delegation and look forward to working closely with them to strengthen the bond between the two countries.”

Dating back to years ago when SANY Group began its internationalisation, India was its first stop. Today Sany India is Sany group’s largest set-up outside China. Through a decade of growth, SANY India has been one of the most vital industrial equipment manufacturers in local market. The Indian business visit of Chinese Delegation headed by Mr Liang Wengen, Chairman of SANY Group, will profoundly strengthen the cooperation between SANY India and local enterprises, and unfold a new chapter for the development of SANY India. SANY Group will launch in-depth cooperation with Indian enterprises in various industries including comprehensive use of new energy and infrastructure construction, and expand its business scopes in India.

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