Surana Ventures eyes strategic tie-up with global investors

In an interview with CNBC-TV18, Narender Surana, MD, Surana Ventures, spoke about the latest happenings in his company and sector.

Here is the verbatim transcript of his interview with Sonia Shenoy and Ekta Batra on CNBC-TV18. Also watch the accompanying video. Q: Can you give us details of a possible strategic partner you might be in talks with for Surana Ventures? A: We would like to inform you with the new announcement of policy in India with solar power generation and certain protection measures taken by the government to have Indian made products to an extent of 70% to be used in these projects. There has been a lot of investment interest from companies in Europe and US to invest in Indian companies to get a share of this market which they expect to be approximately 7% of the entire world consumption and it would further grow because of the sun availability in India which is much more than the European and American nations. Q: What for Surana Ventures particularly. We understand that there are some strategic investors. Where have the talks reached and when could we hear some news on that? A: Right now I am in Munich, where the world