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Economic development

Nagpur Set to Emerge as Solar Power Equipment Manufacturing Hub

Strategic Insights

— 1 min read

The city of Nagpur in India is on the cusp of a significant development in the solar power equipment manufacturing sector. Following the inauguration of Avaada Electro's production facility last month, three more companies - Reliance Infrastructure, Waaree Energies, and Powerin Urja - are set to start operations in the Butibori area. These companies plan to manufacture solar panels, a crucial component for generating solar power. The developments indicate that Nagpur is poised to become a hub for solar power equipment manufacturing, leveraging the incentives offered by the state government and the rising demand for alternative energy.

Key Takeaways:

  • Avaada Electro, the first company to start operations, has begun manufacturing solar panels and aims to produce 720Wp solar panels in the country.
  • Reliance Infrastructure has requested over 1,000 acres of land from Maharashtra Industrial Development Corporation (MIDC) to start operations.
  • Waaree Energies has been allotted 300 acres in the Butibori Industrial Estate and has applied for an additional 700 acres.
  • Powerin Urja, a Bengaluru-based company, has requested 200 acres near the city to set up its operations.
  • The three companies plan to manufacture solar panels, which are a key component for generating solar power.
  • The development is expected to draw more players to Nagpur and open opportunities for local industries, especially in light of the rising demand for alternative energy.
  • Avaada Electro has started production in record time, and other companies are expected to follow suit.
  • The state government's incentives, including refunds on state goods and service tax (SGST), make Nagpur an attractive destination for solar power equipment manufacturers.

Statistics:

  • 1,000 acres of land requested by Reliance Infrastructure from MIDC for setting up operations.
  • 300 acres of land allotted to Waaree Energies in the Butibori Industrial Estate.
  • 700 acres additional land applied for by Waaree Energies.
  • 200 acres requested by Powerin Urja for setting up operations near the city.
  • 720Wp solar panels manufactured by Avaada Electro in the country.
  • October as the target date for Avaada Electro to start manufacturing solar cells in Nagpur.

Sources:

  • Maharashtra Industrial Development Corporation (MIDC)
  • Avaada Electro
  • Waaree Energies
  • Powerin Urja
  • Reliance Infrastructure
  • Association of Industrial Development (AID)
  • Julfesh Shah, Industrial Consultant

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