German turbine manufacturer Senvion is transforming Senvion India into an independent standalone operational business unit.
The new arrangement means that Senvion India will offer all services to its clients including in-country turbine supply agreements, engineering, manufacturing, local research and development (R&D) support and service provision, the company said.
Senvion added that the move will “help the company serve local clients in a growing market in the best possible way by improving efficiency and streamlining operations”.
Senvion India based in Mumbai will remain a wholly-owned subsidiary of Senvion.
It also has a dedicated R&D centre in Bangalore and a nacelle manufacturing plant in Baramati.
The Indian business unit will be “furnished with all licences to the extent necessary, R&D knowhow and technical support in order to strengthen local capabilities”, the company said.
Senvion chief executive Yves Rannou said: “Senvion India is in a unique position within our business as it offers the full scope of supply, service and manufacturing.
“Combined with the significant potential for growth within the Indian market, this opportunity means that we can offer our customers even greater local support and full turnkey EPC provision while ensuring full access to localised R&D support for turbines. Simultaneously, we continue to focus on our accelerated M&A process to potentially sell Senvion as a whole.”
Senvion India managing director Amit Kansal said: “This decision marks another important milestone for Senvion India, following on from the recent successful installation of the first Senvion 2.3M130.
“I believe this move will enable us to offer an even higher level of local quality R&D, engineering support and customer service to our clients.”