Gamesa India to invest Rs 300cr
May 10 2016
The company has acquired 150 acres at IFFCO Kissan SEZ in Nellore district for setting up the plant, which is likely to generate employment to around 1,000 people over the next three years.
The Rs 300 crore investment in the new facility near Nellore, forms part of the Rs 800 crore investment plan for India announced earlier by the company for manufacturing facilities and technologies to boost production capacity, company officials said. “Our decision to set up a manufacturing facility in Nellore is towards expanding our footprint in the country and further strengthens our endeavour to make India the manufacturing hub for renewable energy solutions,” Ramesh Kymal, CMD, Gamesa India told reporters here on Tuesday.
“We see huge potential emerging in the states of Andhra Pradesh and Telangana and in parts of Madhya Pradesh and Maharashtra going forward. This plant will help us to cater to the increased demand from these regions,” he said.
Gamesa already has two nacelle manufacturing facilities near Chennai, Tamil Nadu and a blade manufacturing plant in Halol, Gujarat. It has also invested in a joint venture for tower manufacturing at Halol, Gujarat.
“Andhra Pradesh has 24X7 power supply. With blade manufacturing being a continuous process industy segment, uninterrupted power is a key factor to look at. The ‘ease of doing business’ too is better in Andhra Pradesh and we got all approvals in record time,” Kymal pointed out.