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SANY Group to invest US$ 3 Billion in Make in India

By Niranjan Mudholkar,

Added 16 October 2015

Investments directed at Renewable Projects worth 4.8 TWh of green and clean power annually

Sany Group, one of the largest global manufacturing companies of construction equipment, has signed and handed over the Green Energy Commitment  to the Hon'ble  Prime Minister of India towards development of 2000 Mega Watt of Renewable Energy Projects with investments of USD 3 Billion (Rs. 20,000 Crores) 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 tons per year.

Sany Group Chairman Liang Wengen presented the Green Energy Commitment to the Hon'ble 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.

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