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China's Sany Group Lines Up USD 3 Billion for Renewable Energy Projects: Positives for Make in India

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China's construction equipment manufacturer Sany Group today expressed its intention to develop 2,000 mega watt of renewable energy projects with investments of USD 3 billion for the period 2016-20.

Source:ET

SNP Insight

The initiative highlights the spurring investors confidence in India's Renewable Energy Projects along the side line of Make in India intiative. It provides interims benefits like creation of addition 1000 jobs in the country along with boost to achieve the renewable energy target. Further the establishment of efficient technologies for off-shore wind power generation comes as a boost for the sector. However keeping the broad timefarme of 5 years for this investment only time can tell how far results have reaped.

Source: SNP Infra Research