Suzlon to sell stake in Chinese arm for Rs 340 cr
Mr Tulsi Tanti, Chairman-Suzlon Group, said: "The dynamics of the wind energy market have changed considerably over the past year, and we are realigning our strategy to the China market with an agile, asset-light business model." Suzlon established its marketing operations in China in 2005, followed by the setting up of its wholly-owned manufacturing facility in 2006.
The company has, to date, installed over 900 MW of wind capacity in the country.
Following a dreadful washout in the four-State Assembly polls, a humbled Congress accepted its defeat and called for a much needed introspection to rethink their strategy ahead of the 2014 Lok Sabha polls.
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