Turkish firm plans solar plant in India
Turkish company Seul Holding will build a 20 MW solar plant in India.
Kolkata: Turkish company Seul Holding will build a 20 MW solar plant in India.
"Turkish company Seul Holding has decided to build a 20 MW solar plant in India," Turkish Indian Chambers of Commerce and Industry (TICCI) President Ersin Karaoglan said on the sidelines of inauguration of the Kolkata chapter.
He said finer details of the project like location had not yet been firmed up.
Karaoglan said clear policy guidelines for solar has helped attracting the Turkish company into this sector.
He said with a stable government at the Centre, 2015 is expected to be a better year for bilateral trade, which is pegged at around USD 6 billion with balance of trade in favour on the Indian side.
"In 2013, the bilateral trade was around USD 6 billion and in 2014 it will be marginally be better when final numbers come in. However, we expect faster growth in 2015," Karaoglan said.
According to him, Turkish contracting companies would be attracted to the Indian infrastructure sector.
At present, one Turkey-based company, Fernas has executed construction of USD 800 million worth of gas-pipeline.