Indian Turbine Industry is growing rapidly as wind energy is the

fastest growing source of renewable energy in the country.

According to the analysts in India more than 90 % of wind energy
potential could be exploited by 2030. There are huge local
production facilities in India due to the ast demand for e!uipment
by the wind power industry in the country. Incenties are proided
by the "entral and #tate goernments to the companies
manufacturing wind energy e!uipment which contribute to the
growth in India$s Turbine industry. India has huge demand for wind
turbines and windmill blades.
Turbine Industry
India today has one of the world$s largest programs for deployment
of wind energy products and %.#. companies would ta&e adantage
of this huge mar&et. There are many opportunities aailable for
%.#. companies to o'er their expertise and e!uipment for wind
energy in Indian (ar&et. India imports wind turbines) windmill
blades) wind battery charger) wind energy conerters) etc which
are used in energy generation. *ind power is the greatest
renewable energy generating potential in India. %.#. +nancial
serices proiders today safely inest in this +eld with potential for
a good pro+t margin.
India$s agenda include high ,nergy security and sustainable
deelopment. The reasons are due to olatile energy prices) high
demand for energy) security and concerns oer enironmental
sustainability and the global climate change. *ith proper incenties
wind energy India would meet oer 2- % of energy needs by 2030
according to .lobal *ind ,nergy "ouncil /.*,"0 and the Indian
*ind Turbines (anufacturers Association /I*T(A0. The growth
trends of wind power deelopment in six Indian states li&e Andhra
1radesh) .u2arat) 3erala) (aharashtra) 4a2asthan and Tamil 5adu
indicate that more than 90 % of wind energy potential preails in
India which could be exploited by 2030. 5eed for installation of
high powered wind turbines to replace old turbines and lower
capacity machines) deelopment of o'shore wind farms and
deelopment of hybrid turbines are some of the factors leading for
the rapid growth of wind industry in India. In 6990$s the
deelopment of wind power in India began and has signi+cantly
increased in the last few years. India is home to one of the world$s
largest wind power companies. #u7lon ,nergy. #u7lon is the largest
wind turbine manufacturer in Asia /8th worldwide0 and operates a
89- (* wind par& in the *estern .hats:Tamil 5adu: the state with
the most wind generating capacity and the largest wind par& in the
world.
Turbine Industry ;rief IntroductionTurbine Industry
Indian Turbine Industry
India currently is the -th largest generator of wind energy in the
world with an installed capacity of 9<99 (* which is een ahead of
"hina$s 8999 (* as per research and pro2ects inestment database
+rm =1ro2ects Today=. The wind power contributes >0 % of the grid
interactie renewable power installed in India. *hile the short
gestation period of installing wind turbines) and the increasing
reliability and performance of wind energy machines has made
wind power a faored choice for capacity addition to the country.
India today has nearly 28 wind energy e!uipment manufacturers.
India today has a well deeloped manufacturing base which
includes global leader #u7lon) accounting for oer half of the
mar&et. #ome of the leading Indian and global companies in this
industry are ?estas) *ind Tech) 4epower) #iemens) and @(
.las+ber) 44;) ,nercon) and the new entrants such as 4e.en
1ower Tech) *in*inA) 3enersys) and .lobal *ind 1ower.
4obust growth in the country$s Turbine e!uipment manufacturing
industry is largely drien by the incenties proided by the "entral
and #tate goernments. #u7lon) an Indian company) emerged on
the global scene in the past decade by 200< had captured almost 9
% of mar&et share in global wind turbine sales. #u7lon is currently
the leading manufacturer of wind turbines for the Indian mar&et)
holding some 82% of mar&et share in India. #u7lon$s success has
made India the deeloping leader in adance wind turbine
technology.
Today there is a huge demand for sophisticated e!uipment
manufactured by International wind energy e!uipment
manufacturers. A modern wind turbine consists of about 9000
uni!ue components and such components of related serices are
supplied by an estimated 28 to 30 highly speciali7ed companies in
India along with the large number of international suppliers. Indian
wind turbine manufacturers proide operation and maintenance
support and also monitor the +eld performance of the wind turbines
installed by them.
Increasing competitie pressures in Indian Turbine business due to
the reduced import duties) larger number of suppliers and
substitute products.
Turbine Industry (ar&et capitali7ationTurbine Industry
As India has considerable growth in sugar) paper and power plants)
a "A.4 of >% for steam turbines oer next +e years. Turbines
business pro2ected to grow to 4s. 2-00 cr /%#B 889 million0.
Turbine Industry #i7e of the industryTurbine Industry
.rowth in the mar&et for /steam C hydro0 turbines has been
uneen : aerage growth > % per annum. Digher growth in gas
turbines mar&et is primarily due to demand in cogen C power
sectors. .as turbines manufacturing in Indiais a recent
phenomenon /699<0.
Turbine Industry Aomestic and ,xport #hareTurbine Industry
,stimated imports EF 99G 4s -0 cr /%#B 9.3 mln0. Imports mainly
are the gas turbines and large /H 600 (*0 hydro turbines. *hile
the (a2or imported brands : #olar) ,.T) A.") 3awasa&i. Indian
companies directly import turbines from principals li&e Thermax
1une from Ansaldo Italy) Agro 1roducts Aelhi from @(I 4ussia.
Import duty on all turbinesG 28% basic J 2.8% surcharge J6<%
counterailing duty J -% special additional duty.
,stimated exports of turbines /EF990G 4s. 20 cr /%#B -.> mln0
Turbine Industry
Turbine Industry Top leading "ompaniesTurbine Industry
Turbine Industry ,mployment opportunitiesTurbine Industry
Kpportunities in Indian Turbine Industry exist for component
manufacturers to becoming suppliers to wind e!uipment
manufacturers. There is a huge demand for wind turbines and
windmill blades) which generate cheap eco:friendly energy. Eoreign
Airect Inestment /EAI0 is allowed in the +elds of resource
assessment) renoation and moderni7ation of existing pro2ects. In
India %.#. companies hae opportunity to establish turbine:
manufacturing facility by inesting in 2oint entures of the country.
Turbine Industry @atest deelopmentsTurbine Industry
4ecently Indian goernment had an agreement with the %#A on the
licensed manufacturing of a family of .eneral ,lectric @(2800 gas
turbines using production capacities of the state corporation DA@.
5aal ersions of the turbines are planned to be installed on the
aircraft carriers of the Air Aefense #hips class) which are being
started up at the doc&yards in 3ochin. ;esides) Indian shipyards
receied a goernment order to build frigates of the 6> #hiali&
pro2ects of 8000 tons) which are also planned to be e!uipped with
@(2800 engines. Today total up to forty turbines at the cost of %#A
6 billion will be re!uired to e!uip three aircraft carriers and twele
frigates.
4ecently 4ussia signed a contract for supply to India in 200> of 200
low:si7ed engines manufactured by scienti+c:industrial association
=#aturn= for =@a&shia= unmanned aircrafts. The cost of the
transaction came up to about %#A 600 million. The engine for India
will be deeloped on the basis of the low:si7ed engine T4AA:80(T)
which has been originally designed for the 4ussian cruise missiles.
India is depended on heaily on coal) so in order to reduce their
dependence on this polluting fossil fuel) the (inistry of 5ew and
4enewable ,nergy /(54,0 is aiming to hae <)000 (* of
additional wind power capacity installed by the year 2062.
(oreoer) companies as well as indiiduals will get tax brea&s for
inesting in green energy) especially wind farms.
Aespite the fact that wind power accounts for < % of India$s total
installed power capacity it only generates 6.< % of the country$s
power. Eor this reason) the goernment is considering the addition
of incenties for ongoing operation of installed wind power plants.