Category: Industry Overview
Doosan Heavy Industries and Construction, a Korea based power equipment company is planning to venture into India by setting up a manufacturing facility. Indian power sector is booming and there is heavy demand for power plant equipment. Many power projects are delayed on account of plant and equipment. On account of this India has to import equipment from China. Recently, many international majors like Mitsubishi, Ansaldo, Alstom and Toshiba has tied up with local partners to set up manufacturing facilities here. It may be noted, Doosan has won a equipment contract for the 1370 Raipur coal based thermal project from GMR group.