FRANKFURT, March 26 (Reuters) - Siemens Energy

will sell 90% of its wind turbine business in India

and Sri Lanka to an investor group led by the climate investment

arm of buyout group TPG, it said on Wednesday, in a push

to focus on what it sees as core markets.

No financial details were disclosed.

Shares in Siemens Energy rose to the top of Frankfurt's

blue-chip index following the news, trading 3% higher

at 0832 GMT.

As part of the deal, Siemens Energy will transfer around

1,000 employees and two manufacturing plants in India to the new

entity, it said, adding around 1,200 of its local staff would

not be part of the deal.

Siemens Gamesa, Siemens Energy's wind turbine division,

holds a 30% market share in India but has previously said it was

considering strategic options for the business, citing

cut-throat competition.

"The new company will serve the Indian market more

effectively while also offering a long-term perspective for

employees and customers," said Vinod Philip, Siemens Energy's

board member in charge of Siemens Gamesa.

Siemens Gamesa has an installation base of nearly 10

gigawatts (GW) in India and provides service to more than 7 GW

worth of turbines under long-term agreements, it said, adding

the market was expected to add 57 GW of capacity by 2032.

(Reporting by Christoph Steitz, editing by Thomas Seythal)