Suzlon Energy founder Tulsi Tanti dies of cardiac arrest
New Delhi (PTI): Suzlon Energy founder Tulsi Tanti, popularly known as India's 'wind man', died of cardiac arrest at 64 on Saturday evening, the company said.
One of the pioneers of the wind energy business in India and a globally renowned expert on clean energy, Tanti envisioned the opportunity in the renewable energy industry back in 1995 when the global wind energy market was dominated by international players.
Under his leadership, Suzlon Energy grew to become the country's largest wind energy player with 19.4 gigawatt (GW) of cumulative installed capacity, 33 per cent market share in India and a presence in 17 countries. It has over 2 GW installed capacity in its second largest market, the US.
"With profound sadness, we inform you of the untimely demise of Shri Tulsi R Tanti, the Founder, the Chairman and Managing Director, and one of the promoters of Suzlon Energy Ltd on October 1, 2022. Shri Tanti suffered a cardiac arrest and passed away the same day," the company said in a stock exchange filing.
Before foraying into wind energy, Tanti owned a textile business which he sold in 2001. Suzlon got its first order in the US in 2003 from DanMar & Associates for supply of 24 turbines in southwestern Minnesota.
"In this difficult time, the company continues to be supported by its highly experienced board of directors and senior management who are both able and committed to taking Shri Tanti's legacy forward and realise his vision for the company," the firm said.
Prime Minister Narendra Modi too condoled his death.
"Shri Tulsi Tanti was a pioneering business leader who contributed to India's economic progress and strengthened our nation's efforts to further sustainable development. Pained by his untimely demise. Condolences to his family and friends. Om Shanti," he tweeted.
Tanti complained of chest pain in his car in Pune after returning from a press conference in Ahmedabad. He asked the driver to take him to a hospital but died before getting any medical help.
He is survived by his wife Gita, son Pranav, and daughter Nidhi.
Born in 1958 in Rajkot, Tanti graduated from Gujarat University with a bachelor's degree in commerce. He founded Suzlon Energy, now valued at Rs 8,535.9 crore, in 1995.
He was also the chairman of Belgium-based turbine parts maker ZF Wind Power Antwerpen since May 10, 2006 and the president of the Indian Wind Turbine Manufacturers Association.
Sumant Sinha, founder and CEO of ReNew Power, took to Twitter to condole his demise.
"Very saddened to hear about the passing away of Tulsi Tanti. He was such a visionary and a pioneer of our industry. Many of us owe a lot to him. Truly a loss for all of us. Deepest condolences to the entire @Suzlon family."
"He was the one who got me into the renewable energy industry, and made it more interesting through the sheer force of his personality. He was truly one of a kind," he added.
Tanti's death comes at a time when Suzlon Energy was set to open its Rs 1,200 crore rights issue on October 11.
The group was looking to repay debt, fund working capital and deploy the rest for general corporate purposes.
He was widely known as the visionary who pioneered the renewables revolution in India. He spearheaded the wind energy revolution in India with the founding of Suzlon Energy in 1995.
He envisioned the opportunity in the Indian renewable energy industry at a time when the global wind energy market was dominated by international players and characterised by expensive and complicated technologies that were largely unviable for traditional businesses.
Instituting a new business model, he conceptualised an end-to-end solution to create realistic avenues for businesses to 'Go Green' and thus emerged as a strategic partner in developing sustainable businesses.
Under Tanti's leadership, Suzlon emerged as a prominent player in the global renewable energy market.
His vision led to Suzlon setting up R&D centres in Germany, the Netherlands, Denmark and India that employ over 200 engineers.
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US President Biden assures peaceful transfer of power in January
Washington, Nov 7: Outgoing US President Joe Biden on Thursday vowed to ensure a peaceful and orderly transfer of power to President-elect Donald Trump in January and appealed to the people to accept the election results for the White House.
Biden made the comments during an address to the nation a day after Trump, 78, was re-elected as the 47th president of the US after defeating Vice President Kamala Harris, the Democratic Party's nominee.
Biden said he spoke with Trump and also with Vice President Harris, who he said ran an inspiring campaign.
Trump, who had lost the 2020 elections to President Biden, won this time both in terms of popular votes and electoral college votes.
“Yesterday, I spoke with President-elect Trump to congratulate him on his victory. I assured him that I would direct my entire administration to work with his team to ensure a peaceful and orderly transition," Biden said in his address from the Rose Garden of the White House.
"That's what the American people deserve,” he added.
"For over 200 years, America has carried on the greatest experiment in self-government in the history of the world," he said, adding that the people vote and choose their leaders and do it peacefully.
"In a democracy, the will of the people always prevails," said Biden in his address attended by members of his Cabinet and senior administration officials.
Biden said he hoped the election could also lay to rest the question about the integrity of the American electoral system.
“It is honest, it is fair, and it is transparent. It can be trusted, win or lose. I also hope we can restore the respect for all our election workers who busted their necks and took risks at the outset,” he said.
“As they did their duty as citizens, I will do my duty as president. I'll fulfill my oath and I will honour the Constitution. On January 20th, we'll have a peaceful transfer of power here in America,” Biden said.
Rebutting criticism of his economic policy, Biden said his administration is leaving behind the strongest economy in the world.
Biden said he also spoke with Vice President Harris.
"She's been a partner and a public servant. She ran an inspiring campaign, and everyone got to see something that I learned early on to respect so much: her character... She has great character, true character,” he said.
Biden added that Harris -- who took after Biden withdrew in July-- gave her "whole heart and effort" to her presidential campaign.
"I know for some people, it's a time for victory, to state the obvious. For others, it's a time of loss," he said.
Adding that campaigns are contests of competing visions and the country chooses one or the other, Biden said, "We accept the choice the country made."
"You can't love your country only when you win. You can't love your neighbour only when you agree,” Biden said.
His remarks are seen as an attempt to heal a country that appeared divided into two groups after the results of the bitterly contested presidential election were out.
"I know people are still hurting, but things are changing rapidly. Together, we've changed America for the better. Now we have 74 days to finish our term. Let's make every day count. That's the responsibility we have to the American people,” he said.
Noting that setbacks are unavoidable, he said that giving up is "unforgivable".
"We all get knocked down. But the measure of our character, as my dad would say, is how quickly we get back up. Remember, a defeat does not mean we are defeated. We lost this battle. The America of your dreams is calling for you to get back up,” he said.
“That's the story of America for over 240 years and counting. It's a story for all of us, not just some of us," he said, adding that the American experiment endures.
"We're going to be okay, but we need to stay engaged. We need to keep going. Above all, we need to keep the faith,” Biden said.
