India's $16-billion Mahindra group is entering the wind power business. What is clear is that the group, which has major ambitions in the ‘cleantech’ space, will not get into manufacturing. That is, it is highly unlikely that there will be ‘Mahindra’ wind turbine.
According to Parag Shah, Managing Partner at Mahindra Partners and Head of Mahindra Cleantech Ventures nothing stops Mahindra EPC, which today builds solar power plants for customers within and outside the group) from becoming a large green EPC player, the idea is presumably that Mahindra would get into undertaking turnkey jobs for developing wind farms.
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