for Enercon of Germany, one of the world’s biggest makers of wind turbines, India is shaping up as a disaster.
The company says it has just lost its entire Indian subsidiary, a major operation with annual sales of more than $566 million, after a dispute with a local partner and a run-in with Mumbai law enforcement authorities.
Enercon also says it has lost control of its patents in India and fears its technology could be appropriated by competitors in a country where wind energy is a big and growing market.
The case has caused diplomatic tensions and — at least in Germany — clouded the image of India, which many multinational companies see as a place that could eventually rival China for growth and business opportunities.
http://www.nytimes.com/2011/03/24/business/global/24enercon.html?_r=1