India's Ministry of Power to Expand Power Equipment Manufacturing Base

BANGALORE, INDIA--July 11, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--In order to avoid a repeat fiasco of unattained power targets in the 11th Five-Year Plan (2007-12), India's Ministry of Power has been scouting for global players to set up manufacturing facilities for boilers, turbines and power generation equipment. The ministry is looking to achieve an addition of 78,577 megawatts (MW) in the period and is taking measures to prevent slippages that have plagued its growth targets during the last three planning periods. Several companies have expressed interest in setting up manufacturing units for power equipment in India, including Toshiba Corporation (OTC:TOSBF) (Minato, Tokyo), Alstom (EPA:ALO) (Levallois-Perret, France), Bharat Heavy Electricals Limited (BHEL) (BOM:500103) (Mumbai), Larsen & Toubro (L&T) (BOM:500510) (Mumbai) and Mitsubishi Heavy Industries (TYO:7011) (Tokyo, Japan).