In Short : India’s Production-Linked Incentive (PLI) scheme for high-efficiency solar PV modules has created nearly 43,000 jobs across nine states, including over 11,000 direct jobs. With large manufacturing units coming online, the scheme is driving rapid expansion of domestic solar production capacity, reducing import dependence, and supporting India’s goal of building a strong, self-reliant […]
India Targets 85% Local Content in Wind Energy Manufacturing by 2030 to Boost Self-Reliance – EQ
In Short : Union Minister Pralhad Joshi has urged India’s wind energy industry to increase local content from 64% to 85% by 2030. Emphasizing self-reliance and job creation, he highlighted the need to strengthen domestic manufacturing and reduce import dependence. The move aligns with India’s renewable energy goals and its vision to become a global […]
Results : Tender for the Manufacturing, Testing, Packing and Forwarding, Supply and Transportation of 260 MWp Domestically Manufactured Solar PV Modules with Domestically Manufactured Solar Cells – EQ
Summary: — ### **Document Title:** **Results — Tender for Manufacturing, Testing, Packing, Forwarding, Supply and Transportation of 260 MWp Domestically Manufactured Solar PV Modules with Domestically Manufactured Solar Cells** — ### **Issuing Authority:** **Solar Energy Corporation of India Ltd. (SECI)** **Tender No:** SECI/C&P/OP/11/018/2024-25 — ### **Purpose of the Tender:** The tender was floated for the […]
Rana Group Launches $10 Billion Manufacturing Mega-Hub to Boost UAE’s Industrial Growth – EQ
In Short : Rana Group has begun constructing a $10 billion manufacturing hub in the United Arab Emirates, marking a major expansion of its global operations. The facility will enhance industrial production, generate thousands of jobs, and reinforce the UAE’s role as a manufacturing and logistics hub. The project reflects Rana Group’s commitment to large-scale […]
HDK Proposes Fiscal Incentives to Boost Domestic Rare Earth Magnet Manufacturing – EQ
In Short : Union Minister HDK (H. D. Kumaraswamy) indicated that fiscal incentives are being considered to promote the local manufacturing of rare earth magnets in India. The move aims to reduce import dependence, strengthen the domestic supply chain for critical materials, and support sectors like renewable energy, electric vehicles, and advanced electronics, aligning with […]
Hosoda Holdings to Invest ₹882 Crore in Karnataka Solar Cell Manufacturing Facility – EQ
In Short : Japan’s Hosoda Holdings is set to establish a ₹882 crore solar cell manufacturing facility in Karnataka, aiming to strengthen India’s domestic solar production capabilities. The plant will support the country’s renewable energy targets by producing high-efficiency solar cells for utility-scale and rooftop projects. This investment underscores growing foreign interest in India’s clean […]
AB Energia Expands into Solar Structure Manufacturing with New Subsidiary – EQ
In Short : AB Energia has entered the solar structure manufacturing segment by setting up a new subsidiary, marking its expansion in the renewable energy value chain. The move aims to strengthen its position in the solar industry by providing in-house manufacturing capabilities. This step is expected to boost efficiency, reduce costs, and support India’s […]
Driving Sustainable Manufacturing: From Eco-Friendly Design to Green Supply Chains – EQ
In Short : Manufacturers are increasingly embedding sustainability across the entire value chain, from product design to supply chain operations. Green materials, energy-efficient processes, and ethical sourcing are being prioritized to reduce environmental impact. By integrating sustainability into every stage, companies can lower carbon footprints, enhance resource efficiency, and meet growing consumer and regulatory demands […]
GST Reform: Strengthening India’s Renewable & Manufacturing Ecosystem – EQ
The Government’s latest GST announcement is a welcome reform that will significantly benefit the renewable energy sector. As the founder of India’s largest solar component manufacturer, I view this move as a step towards greater transparency, reduced project uncertainties, and improved competitiveness for domestic manufacturing. Such clarity in taxation is not just a fiscal decision, […]
Maharashtra Seals ₹34,000 Crore Investment Deals to Boost Development – EQ
In Short : Maharashtra has signed MoUs worth ₹34,000 crore aimed at boosting industrial growth and creating nearly 33,000 jobs. The agreements span key sectors, including renewable energy, manufacturing, and services, highlighting the state’s focus on sustainable development and investment opportunities. This move is expected to accelerate economic growth while strengthening employment generation across diverse […]