In 5 years, we will invest over Euro 100 m in India: Gamesa.

India contributes about a third of Gamesa's global revenues. Last year, Gamesa India, the local arm of the Spanish multinational, topped the list of wind turbines sellers in the country. In an interview with journalists who visited him at the headquarters in Bilbao, Spain, Executive Chairman Ignacio Martin, assisted by Gamesa's Business CEO, Xavier Exteberria, spoke about what India holds for the company. Edited excerpts:

Your Indian management has given you a five-year road map. Can you share the details with us?

We are moving very fast. Gamesa is today the market leader in India. With our capabilities in promotion, development, construction of turbines with high local content our position is unique and we can consolidate even further in India. In 2013, our production was around 400 MW and this year, we expect to close at around 700 MW. We hope to have double-digit growth for each of the next five years.

While this is about onshore farms, we also have expectations for offshore business in India. We have a fantastic product line-up for offshore. We will continue to invest in the country; we need to develop our supply-chain in India and invest in our manufacturing facilities. In the next five years we would be investing more than Euro 100 million in India.


HBL