GE Energy is back in India for a second shot at wind energy
The year 2005 was a big one for India in wind energy. Alternative sources of energy were the next big thing to hit corporate consciousness. The government announced tax breaks and wind-turbine maker Suzlon Energy made its debut in the stock market with an initial public offering of Rs. 1,500 crore that was over-subscribed 45 times. But, GE Energy, the $29-billion arm of US conglomerate General Electric, pulled out of India the same year.
(This story appears in the 09 October, 2009 issue of Forbes India. To visit our Archives, click here.)