SunTechnics Gains Entry Into Indian Renewable Energy Market
Newswire Today reports that SunTechnics, one of the world’s largest system integrators for renewable energy, has announced successful market entry in India by establishing an Indian subsidiary’s assembly facility in Bangalore. The subsidiary has 40 employees in Bangalore and regional offices and hopes to increase the workforce to over 100 employees in sales, engineering and marketing by year-end.
SunTechnics has invested over Rs. 12 crores (about $2.5 million) in its Indian subsidiary and has committed Rs. 25 crores (about $5 million) more.
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