Tamil Nadu inks Rs.15 bn deal with Belgian firm

CHENNAI: Belgium-based Hansen Transmissions International on Saturday signed a Rs.15 billion agreement with the Tamil Nadu government to set up a plant in Coimbatore to manufacture gear boxes for wind turbines.

The agreement was signed by Tamil Nadu Industries Secretary M.F. Farooqui and the company's chief executive Ivan Brems.

Over 800 people will be directly employed once the plant is commissioned.   

Hansen was recently acquired by wind and renewable energy major Suzlon Energy Ltd for $565 million in an all cash transaction.