According to reports, Singapore-based Sembcorp Industries today said it has set up India headquarters in New Delhi and appointed Vipul Tuli as the Chief Executive Officer and country head.
“Tuli, in his new role as the India head, will focus on furthering growth as well as managing Sembcorp’s investments, governance and key stakeholder relationships within India. He is also appointed as global head of group strategy at Sembcorp,” the company said in a statement.
Prior to joining Sembcorp, Tuli was with McKinsey & Company for the last 23 years. India is one of Sembcorp’s key markets, and an integral part of the company’s emerging market strategy.
Sembcorp is one of the leading foreign investors in India’s power sector, with over 3,400 megawatts of thermal and renewable power capacity in operation and under development.
“India is an important market for Sembcorp. The establishment of the new India headquarters reflects our commitment as a long-term investor in the country,” Sembcorp Industries Group President and CEO Tang Kin Fei said.
“As a seasoned professional with a strong background in the industry, we believe that Vipul will help accelerate Sembcorp’s growth and strengthen relationships with our key stakeholders in India,” he added.