SoftBank Corp, Bharti Enterprises Limited and Foxconn formed a JV named SBG Cleantech Ltd

Jun 23, 2015 14:08 IST

Japan headquartered telecommunications and Internet major SoftBank Corp, Bharti Enterprises Limited and Taiwan-based Foxconn Technology Group on 22 June 2015 formed a Joint Venture (JV) named SBG Cleantech Limited. This JV is aimed at promoting the adoption of clean and safe energy in India.

SBG Cleantech will be a harbinger of solar and wind energy. The venture will invest in developing renewable energy plants across India. SBG Cleantech will be committed to contribute to Union Government's mission of 24x7 power for all and achieving 100GW solar and 60GW wind target by 2022.

The company intends to participate in the 2015-16 round of solar power plant tenders ‎under the National Solar Mission (NSM) program and state-specific solar programs. SBG Cleantech will not only work towards eliminating energy deficit but will also provide clean environment.

SBG Cleantech will have Manoj Kohli, a Bharti Enterprises Limited veteran, as its executive chairman and Raman Nanda will be the Chief Executive Officer of the company. The company will be headquartered in Delhi.

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