AmpIn Energy Transition announced that it has partnered with Jupiter International to establish a cutting-edge solar cell and module manufacturing facility with a capacity of 1.3 gigawatts (GW) in India.
Under the PLI tranche-II scheme, this state-of-the-art manufacturing facility will be responsible for producing high-quality solar cells and modules. This initiative aligns with the central government's objectives to bolster domestic manufacturing, reduce global supply chain vulnerabilities, and decrease India's reliance on solar imports.
Pinaki Bhattacharyya, the Managing Director and CEO of AmpIn Energy Transition, expressed the significance of this venture, stating, "There is a growing demand for Indian solar modules, and with the appropriate support and policies, this move will enable us to achieve backward integration, enhancing our control over the supply chain for critical components. This, in turn, will help us optimize our operations for quality, efficiency, and cost-effectiveness."
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Alok Garodia, Chairman of Jupiter International, added, "By combining our expertise in solar cell manufacturing with AmpIn's dedication to renewable energy, we will play a pivotal role in stabilizing the supply chain and reducing India's dependency on imports."
The financial details of the proposed project were not disclosed in the statement.
