German firm forms JV for solar energy plants
German solar technology firm Manz Automation has entered into a joint venture with Delhi-based Technicom-Chemie for promoting solar power in India.
The joint venture company, Manz Automation India Pvt Ltd, will market solar energy equipment and provide technical support for generating power.
The Manz Group which is executing three projects in India may set up production facilities in the country. The company expects to garner a turnover of Rs1,500 crore this fiscal.