Suzlon to set up 3,000 Mw power project in Telangana

The Suzlon Group is charting out a Rs 1,200 cr investment plan for this project

The Suzlon Group is charting out a Rs 1,200-crore investment plan to take up a solar, wind and hybrid power project in the state of Telangana, according to its IT, urban development and municipal administration minister K T Rama Rao.

Delivering his keynote address at VCCircle's Partners Summit, attended by over 2,000 industrialists, investors and funding houses, in Mumbai on Wednesday, Rao assured Suzlon chairman Tulsi Tanti of full support from his government for the group's expansion plans in the state.

During his one-day Mumbai tour, the minister called on the Mahindra group chairman and managing director Anand Mahindra and Kotak Group managing director and vice-president Uday Kotak. "They committed further investments and more job opportunities to the state, which will be announced pretty soon," he said.

"Telangana has a proactive decision-making leadership, resulting in attracting huge investments over the last two years. The burgeoning realty prices and soaring hotel accommodation prices stand testimony to this," he said.

Stating that his government was contemplating creating T Fund, a first-of-its-kind fund in India, Rs 125 crore to start with, Rao said the fund would support innovations in the areas of health and agricultural technologies, Internet of Things (IoT) and thematic B2C (business-to-business).