India\'s Ministry of Power to Expand Power Equipment Manufacturing ...

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BANGALORE, INDIA -- (MARKET WIRE) -- 07/11/08 -- Researched byIndustrial Info Resources (Sugar Land, Texas) -- In order to avoida repeat fiasco of unattained power targets in the 11th Five-YearPlan (2007-12), India's Ministry of Power has been scouting forglobal players to set up manufacturing facilities for boilers,turbines and power generation equipment. The ministry is looking toachieve an addition of 78,577 megawatts (MW) in the period and istaking measures to prevent slippages that have plagued its growthtargets during the last three planning periods. Several companieshave expressed interest in setting up manufacturing units for powerequipment India, including Toshiba Corporation ( 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 MitsubishiHeavy Industries (TYO:7011) (Tokyo, Japan).
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