Mitsubishi Heavy Industries (MHI) has announced that it will establish Mitsubishi Power Systems India (MPS India) as a regional headquarters overseeing the company’s power systems business in India.
Bases will be set up in Bangalore and New Delhi for engineering, administration, and sales and marketing. MPS India will formulate regional business strategies and oversee business involving the entire spectrum of power systems.
MPS India will initially be capitalized at about $1m, with plans calling for expansion to near $10m by 2013, when the company is scheduled to have full EPC capabilities.
Natural gas supplies have been increasing in India, as a result of gas field development in the Bay of Bengal. As supplies increase, plans are being actively promoted to construct combined cycle gas turbine power plants, and the establishment of MPS India is designed to take advantage of this trend.
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