India's wind tycoon
Face value | Blowhard | Economist.com
such stars were joined by an interloper, whose nearly $6 billion-worth of assets by early May made him the seventh-richest Indian: Tulsi who?
Tulsi Tanti enjoyed what can only (with apologies) be described as an enormous windfall last September. That was when he sold a minority of shares in his company, Suzlon Energy, which makes wind turbines, on the stockmarket.
Sales and profits had both doubled, and it had captured more than half of the Indian market, becoming the world's fifth-largest maker of wind-turbine generators.
Even without Hansen, Mr Tanti says exports would have accounted for 40% of Suzlon's sales. A quarter of its nearly 6,000 staff are based outside India. It is building a rotor-blade factory in Minnesota and has invested $60m in a factory in Tianjin, China.
India, says Mr Tanti, is poised to become a “wind-power export hub”. aided by a combination of in-house technology and low costs, Suzlon is well on the way to showing that wind power can indeed be a proper global business.
such stars were joined by an interloper, whose nearly $6 billion-worth of assets by early May made him the seventh-richest Indian: Tulsi who?
Tulsi Tanti enjoyed what can only (with apologies) be described as an enormous windfall last September. That was when he sold a minority of shares in his company, Suzlon Energy, which makes wind turbines, on the stockmarket.
Sales and profits had both doubled, and it had captured more than half of the Indian market, becoming the world's fifth-largest maker of wind-turbine generators.
Even without Hansen, Mr Tanti says exports would have accounted for 40% of Suzlon's sales. A quarter of its nearly 6,000 staff are based outside India. It is building a rotor-blade factory in Minnesota and has invested $60m in a factory in Tianjin, China.
India, says Mr Tanti, is poised to become a “wind-power export hub”. aided by a combination of in-house technology and low costs, Suzlon is well on the way to showing that wind power can indeed be a proper global business.
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