Tribute to Mr. Tulsi R. Tanti
A tribute to Suzlon Founder Shri Tulsi R.Tanti Shri Tulsi R. Tanti , the founder chairman of Suzlon Group and the pioneer of windmill and renewable energy in India is no more. I remember an episode vividly. I was chief manager of State Bank of Travancore, Tirupur Branch during 2002-05. Accelerated depreciation and other tax benefits were extended by the central government to units, which set up wind mill projects for captive consumption of power or set-off against their power consumption from the State Electricity Boards. Mr. Tanti, himself a textile mill owner, prior to his avatar as wind turbine manufacturer, made use of the business opportunity and marketed quite a few machines to the textile mills in and around Dindigul District that had their administrative offices in Tirupur, the owners being TIRUPURians. The bankers were new to the renewable energy concept in 2002 and were also worried that the income from the mills should be added for repayment obligations, so as to...