Moser Baer to Invest $5 Billion in Manufacturing Facilities over Ten Years

Posted on November 10, 2009 at Domain-B News

Moser Baer Photovoltaic, a wholly -owned subsidiary of Moser Baer India, today said it would invest $5 billion in its manufacturing facilities in Chennai and Hyderabad over 10 years.

According to Deepak Puri, managing director, the company would invest $5 billion in its Chennai and Hyderabad units, an investment for a 10-year period. He was speaking to the media on the sidelines of India Economic Summit in New Delhi.

He added that the expansion of the Noida unit has been delayed due to economic downturn and at present the company was going slow and the company's investment was for a longer duration.

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