The flagship of Hyderabad-based Lanco Group, Lanco Infratech Ltd has shelved its plan to set up wind turbine manufacturing facilities due to the current economic slowdown, said a person close to the matter who didn’t want to be identified.
According to the information available on the company’s website, Lanco had undertaken wind-turbine manufacturing and project development activities in India, Europe and the Americas and had plans to launch its 2MW wind turbine in April 2009.
The Indian wind turbine market has players such as Suzlon Energy Ltd, Danish manufacturer Vestas Wind Systems A/S, US company GE Energy, German manufacturer Enercon GmbH and Spain’s Gamesa SA. Had Lanco gone ahead with this venture, it would have been the second Indian company to set up wind turbine manufacturing facility in the country after Suzlon.
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