Spanish wind energy firm Gamesa to invest over 100 million euro in 5 years in India.

Spanish wind energy firm Gamesa plans to invest 100 million euro in the next five years and will produce larger turbines at the new production line at its plant near here.

'Gamesa plans to invest over 100 million euro in India in the next five years. Our primary focus in India is to increase our manufacturing capability, developing our supply-chain and to increase our land bank to promote and develop wind farms', Gamesa Group Executive Chairman Ignacio Martin said after inaugurating a new production line at the company's facility at nearby Mamandur.

He said India is one of the top three markets for Gamesa, contributing 27 per cent of overall revenue in third quarter of the current fiscal.

The inauguration of the production line is part of the investment outlay by the company to strengthen Indian operations.

ET