Just returned from India, and what I witnessed is amazing. 60% of rural India is without Electricity. To catchup, both Government of India and also the Private Sector is building Coal Powered, New Power Generation Industry.Every month you see, New Thermal Plant being build. They sure Pollute, but don't tell that to the Indians, they are a Very Energy Starved country. They could care less about pollution. Coal is a Cheaper way to Produce Electricity, to meet their ever Increasing Demand for Electricity. That is Good News for JOY GLOBAL ! JOY GLOBAL is heavily into Coal Mine Drilling Equipment Manufacturing and After Market Repaire and Servicing Company. Now I am Very Hopeful about future Prospects of JOY GLOBAL.
India is lagging behind China and US in Solar and Wind technology. They plan on jumping into Solar bandwagon, but so far it is just in a planning phase. I saw hundreds of Wind mills at a coastal city called Puri. They are all non-operational. Thsy are all standing tall on the beach, looking like Ugly giants or some kind of Monster, but their Big Blades are not turning. Those wind mills were sold to Government of India, by a company from Holland.