TBEA Energy to facilitate for setting up industrial park in Guj

As a part of the first phase of the project, the company has already set up a Rs 1,000 cr ultra-high voltage transformer plant

Setting the ball in motion to develop an industrial park for Chinese companies in Gujarat, senior state government officials point out that Chinese transformer maker TBEA Energy will act as a facilitator to help interested companies set up manufacturing base in the state.

According to multiple sources in the know, TBEA Energy India Ltd is going to act as a facilitator to help interested Chinese companies to set up base in the state, especially in Karjan near Vadodara, where the firm is already setting up a Rs 2,500 crore Green Energy Park.

As a part of the first phase of the project, the company has already set up a Rs 1,000 crore ultra-high voltage transformer plant at Karjan, that was formally inaugurated by the state chief minister Anandiben Patel in June this year.

"TBEA is the major Chinese company that has invested in the state, it has been decided that it would act as a sort of facilitator to help other Chinese companies who are interested in setting up manufacturing set ups in Gujarat. As such an industrial park is planned for Chinese companies near TBEA's project at Karjan," said a senior official in the state government involved in the process of developing the industrial park project. He further added that TBEA had acquired some additional land (to the tune of 80 to 100 acres) when it began the process of setting up its Green Energy Park, and interested companies can come up in the area, where TBEA would sort of act as an anchor investor.

"TBEA is an enterprise group which is accredited by Chinese government, to be engaged in foreign economic and technical cooperation and to undertake national external assistance projects in four industrial fields, transmission, transformation, new energy and advanced materials. TBEA is the core enterprise of China's major electrical equipment manufacturing industry, and is the first listed transformer enterprise of China," says the company's website.