Officials from CNBM visited Kalima Capital on 21-Feb-2011. Both the Ministry of Power and Ministry of New and Renewable Energy (MNRE) actively putting policies in place for the development of the solar energy sector in India, the sector is attracting different players from across the world. That was quite visible in the 3rd RenewTech fair at Mumbai during 17th – 19th Feb.
Today China produces between one-third and one-half of the world’s total supply of photovoltaic solar cells. With the Chinese manufacturers leading the race in manufacturing of solar panels and modules, most of it is shipped overseas to markets like Germany, Denmark and Spain. CNBM has worked in setting up solar plants across different countries in Europe.
CNBM officials provided an overview of their international operations and their plans about increasing presence in India in Clean Technology sector. With already an office registered in Hyderabad, CNBM is looking for expanding their office network across India. CNBM is actively engaged with different construction and real estate companies in India for selling construction equipments.
Kalima Capital on its part also provided its outlook on the renewable energy sector in India both in wind and solar energy. With the organisation’s core competencies in financing of renewable energy project, the CNBM officials were briefed on policy issues both in the power and renewable energy sector. The CNBM team also discussed about the various prospect of long term financing of renewable energy projects in India.
The meeting ended on a positive note with both the companies identifying common grounds on which a long term sustainable relationship can be developed. With Kalima Capital deeply committed in the development of renewable energy sector in the region, CNBM’s officials showed confidence in working with Kalima Capital for meeting their business objectives.
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