The Gujarat chief minister Narendra Modi's recent visit to China seems to have started paying off. This could be gauged from the fact that TWBB, a Chinese firm engaged in energy sector, on Thursday entered into a memorandum of understanding (MoU) with the state's Atlanta Transformers and Electrical to set up an ultra mega high voltage power transformers and reactors plant on Padra-Jambusar Highway near Vadodara involving an investment of Rs 400 crore from both the players.
The construction of the plant is expected to be kicked off in February 2012 and production will commence from April 2013.
"The plant will produce equipment ranging from 750 Kv to 1200 Kv," the state government said in an official statement.
"TWBB has selected Gujarat for partnership keeping in mind the growth-oriented policies, quick decision making, transparency and absence of labour rage in Gujarat," Li Yuha, CEO, TWBB said while commenting on the development.
He also invited Modi to visit TWBB plant in China.Taking a note of growing ties between Gujarat and China, Modi said that Gujarat government is focusing on the renewable energy sources like solar, wind and tidal and has now become a power-surplus state.
