German engineering giant Siemens is looking to throw some money at solar and wind power in India now. It is going to invest $346 million in India’s renewable energy sector over the next three years.
Peter Löscher, Siemens’ chief executive, said the firm will increase its Indian workforce by about 50 per cent to 25,000 people and about a third of the investment will be for development of wind turbine technology. It is putting some into solar technology development there as well.
India is a major growth market, in general, and renewable energy is no exception.
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