GE expands wind turbine business in India
Tuesday, 11 October 2011
NEW YORK, Oct 10: General Electric Co. is expanding its wind turbine business in India. The industrial and financial giant said Monday that its Energy Financial Services division will invest $50 million to build wind energy projects in India. The division will partner with a subsidiary of India's Greenko Group PLC, which is spending $65 million on the venture. GE's investment will help Greenko develop a series of wind projects in the Indian states of Maharashtra, Andhra Pradesh, Karnataka and Rajasthan. - AP