China's Ming Yang out to grab 30% of Indian wind turbine market

The company signed an agreement this month with local power group Reliance to co-develop up to 2.5GW of clean-energy projects in India.

Ming Yang will also take a 55% stake in Mumbai turbine maker Global Wind Power (GWP), in which Reliance is the major shareholder.

The move — the first Indian-Chinese collaboration in the wind sector — may see Ming Yang become the first of the Chinese players to gain a foothold in the rapidly growing market.

Chinese