China’s TBEA to invest 2500Cr. at Karjan near Vadodara in Gujarat
China’s Tebian Electric Apparatus Stock Co. Ltd (TBEA), a maker of high-voltage transformers, has signed a preliminary accord with the Gujarat government to set up a manufacturing facility in the state with an initial investment of Rs.2500 Cr.
TBEA (India) Pvt Ltd is to invest 2500 Cr. in two phases for manufacture of transformers in Gujarat. In first phase company will invest Rs.400 Cr. and will create 2000 new jobs in Gujarat.
TBEA is an enterprise group which is accredited by the Chinese Government, to be engaged in foreign economic and technical co-operation and to undertake national external assistance projects in four industrial fields — transmission, transformation, new energy and advanced materials.