Chinese power equipment makers have lately been eating their Indian counterparts’ lunch, winning contracts in India’s electricity sector over domestic suppliers who are unable for various reasons to meet demand. In a move that could further deepen China’s presence in India’s power generation business, Chinese banks have approached New Delhi for permission to finance at soft rates more than US$50 billion of power equipment purchases by Indian energy producers.
Chinese Firms Win Indian Power Contracts
Chinese Firms Win Indian Power Contracts
Chinese Firms Win Indian Power Contracts
Chinese power equipment makers have lately been eating their Indian counterparts’ lunch, winning contracts in India’s electricity sector over domestic suppliers who are unable for various reasons to meet demand. In a move that could further deepen China’s presence in India’s power generation business, Chinese banks have approached New Delhi for permission to finance at soft rates more than US$50 billion of power equipment purchases by Indian energy producers.