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TBEA (India) Pvt Ltd is to invest $400 million in two phases for manufacture of transformers in Gujarat.
A senior Government official said that while $100 million will be invested immediately leading to creation of 2,000 jobs another $300 million will be invested over the next two to three years. “The facility will produce for the domestic and international market,” the official said.
TBEA is an enterprise group which is accredited by the Chinese Government, to be engaged in foreign economic and technical co-operation and to undertake national external assistance projects in four industrial fields — transmission, transformation, new energy and advanced materials.
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