Suzlon plans exports to 40 countries

Suzlon plans exports to 40 countries


New Delhi: World’s fifth largest wind turbine manufacturer Suzlon Energy seeks to export its products to 40 countries including South Africa, South Korea and parts of emerging Europe.

The company currently sells its products in 14 countries including Germany, the United States, China, South Korea, Italy, Belgium, Australia, Portugal, Canada and Greece.

“We have presence in 14 countries which would be raised to 40 in the next five years. We are setting up four manufacturing facilities which will specifically cater to exports," Suzlon Energy chairman and manging director Tulsi Tanti told reporters here.

The company is setting up manufacturing facilities at Bandra, Coimbatore, Kandla and Mangaluru. These would add 3,000MW by March 2009 to the company’s existing capacity of 2,700 MW, Tanti said.

The company would make an investment of Rs2,600 crore over next two years for raising its global manufacturing capacities to 5,700 MW.

Suzlon has an order book of $4.1 billion to be executed by 2008-09, Tanti said.

Referring to the company’s plans to raise up to Rs5,000 crore through issue of equity-linked instruments in domestic and overseas markets, Tanti said, “There are no immediate plans to raise the money. We will do it as and when needed."