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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

Commenting on the announcement, 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."

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 internationalization, India was its first stop. Today Sany India is Sany group's largest setup 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 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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