SunTechnics Energy to increase Indian investment

18 September 2006

Chennai: SunTechnics Energy Systems Pvt Ltd, the wholly owned subsidiary of SunTechnics, Germany, will invest an additional Rs13 crore for operations. With this the total investments planned for India will go up to Rs25 crore. The SunTechnics Energy has already set up an assembly unit in Bangalore.

The company will also increase its headcount by 60 taking the total employees to 100.

The €240-million turnover German company is one of the world's largest system integrators for renewable energies.