As Panchabuta has recently noted, a number of wind majors have announced plans of entering the India markets. Sinovel Wind Company, China’s largest wind turbine manufacturer, is close to tying up with the Maharashtra-based Ghodawat Energy for renting Ghodawat’s manufacturing facilities to produce Sinovel turbines
Ming Yang is expected to set up a manufacturing base in India. In a conference call with analysts last month, the company had said that it was “having talks with the local enterprises, hoping to form joint ventures to build plants and win orders.”
Most recently, Indowind Energy Ltd. (IEL), an owner of wind farms in India, said it is buying turbines for its next project from Shanghai Electric Group Co. and said it may partner with the Chinese company to assemble the machinery locally.
A number of Chinese solar PV manufacturers like Trina solar, JA Solar, LDK solar and Suntech have also entered India in the last year, selling their modules to solar power projects being implemented under the Gujarat state policy.
According to reports, faced with a ballooning trade deficit with neighbouring China, India is setting up an India-China CEO forum to enhance the economic engagement between the two countries and provide platform for sustained dialogue on trade and investment issues.
The forum, first meeting of which is likely to be held soon, will chart course for promotion of trade and investment, business alliances and development of synergies in the areas of mutual interest. Primarily, the forum is likely to take up sectors like power and renewable energy, IT and telecom, pharmaceutical, infrastructure, and banking and financial services, sources told The Indian Express.
The sources added that the forum will look at the possibilities for collaboration between Indian and Chinese companies and explore business opportunities.