The FMs announcement is the right approach – Magenta Power
Published on : Friday 15-05-2020
Magenta Power specialises in Solar PV based systems, Solar water heaters, Wind Turbine systems and Bioenergy.
Mumbai, May 13, 2020 – Maxson Lewis, Managing Director, Magenta Power, has in a press statement applauded the announcement by Finance Minister Nirmala Sitharaman of the Rs 20-lakh crore economic package. “The Finance Minister's announcement focussed towards MSME is the right approach. Making capital available to the MSME sector which is the biggest employer is welcome. The EPF contribution will make sure money will go to people who are working for it. Cash infusion is required at the bottom of the pyramid,” said Maxson Lewis, Managing Director, Magenta Power. The company is part of Magenta Group which empowers affordable renewable energy solutions and ideas across the country. With the promoters having more than 20 years cumulative experience in the power sector, Magenta is poised to offer right end-to-end power solutions. Magenta Group of companies includes Magenta Power, Magenta EV Solutions and Magenta Informatics, operating in all major cities in India, with 6 regional offices and headquarters in Navi Mumbai. Magenta is also affiliated with the Asia-Pacific Energy Group of USA.
Magenta has evolved from a high elevation system fabricators and solar water heaters to green energy solutions provider. The strength of the Brand lies in completing complex and difficult solar installations to customer’s satisfaction. Bringing a professional approach to renewable energy sources, Magenta has gathered a wide satisfied customer-base of more than 100 customers with their trust and expertise. With extensive experience of the company and its associates of more than 30 years, Magenta Power is stewarded with the In-house of Expertise and Transparency and unmatched Quality.
The promoters of Magenta Power have set up and operated large-scale projects such as super critical thermal power plants, commercial solar power plants, biomass and mines, not just in India but also all across the globe which includes Canada, Australia, Thailand, Malaysia, South Africa and UAE amongst others.