Indian turbine maker Suzlon Energy is anticipating increasing its market share in Chinese market. Despite tough completion in the market the company is bullish of its revenue growth. Suzlon has to face strong antagonism from some of the major power manufacturers in China. But its Managing Director is quite confident about its success. The MD of the company has informed that Suzlon Energy has decided to cut costs further.
This is expected to fetch some more business in China in the next two or three years. The company chairperson Tulsi Tanti has also accepted the fact that Suzlon has planned to trim down its cost per kilowatt by a further 10% within 10 years. Tanti has also revealed that this will made the way of wind power more difficult as compared to the traditional fossil fuel electricity.
Talking on Chinese market, Tanti has said that there is enormous opportunity of the foreign companies. So many companies have registered remarkable profit record as well as impressive market share during last few years. Suzlon will undoubtedly find it difficult to position itself in such a cost oriented competitive market at the initial stage.
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